Dossier
AscendEX
Coverage of AscendEX in the Nexus archive.
- AscendEX crypto exchange shuts down, no assurance on user payouts
AscendEx, a crypto exchange, announced on July 6 that its platform ceased operations effective July 1 due to regulatory, financial, and operational challenges. The shutdown leaves no assurance of user payouts.
- AscendEX withdrawal complaints mount as ZachXBT questions reserves
Multiple users reported delayed AscendEX withdrawals after ZachXBT flagged potential liquidity issues and urged the exchange to explain its reserves.