AscendEX Faces Liquidity Issues as Users Report Withdrawal Delays of Days to Weeks

ETH-5.15%
SOL-0.51%
According to PANews citing ZachXBT's alert on June 26, AscendEX users reported withdrawal delays lasting days to weeks, with some withdrawals failing to process. On-chain analysis using Arkham and TRM data revealed that the exchange's known hot wallets lack substantial reserves of major tokens including ETH, USDT, and SOL, suggesting potential liquidity constraints.
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