ZachXBT Warns AscendEX Delaying Withdrawals Due to Liquidity Issues
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On June 26, 2026 blockchain investigator ZachXBT warned that centralized exchange AscendEX is delaying user withdrawals for days to weeks and Arkham and TRM on-chain analysis shows its hot wallets appear low on ETH, USDT and SOL. The liquidity and withdrawal issues undermine CEX trust in the crypto ecosystem and may accelerate migration to self-custody and DeFi alternatives, posing downside risk to centralized custody and exchange services.
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- ZachXBT has publicly warned that AscendEX is delaying user withdrawals amid apparent liquidity issues.
- ZachXBT said Arkham and TRM data suggest AscendEX hot wallets lack ETH, USDT, and SOL.
- This raises doubts about CEX reliability and may accelerate user migration to self-custody solutions.
ZachXBT has alerted the crypto community to possible liquidity problems at centralized exchange AscendEX. He cited multiple user reports of withdrawal delays lasting days or weeks, along with low reserves of major tokens such as Ethereum (ETH), USDT, and Solana (SOL), after reviewing the exchange’s known hot wallets on Arkham.
ZachXBT Flags AscendEX Due to Delayed User Withdrawals
On June 26, 2026, blockchain investigator ZachXBT warned about potential liquidity issues at centralized exchange AscendEX, formerly known as BitMax. Users on various platforms, such as Reddit f…
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