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ZachXBT raises liquidity alarm as AscendEX users report withdrawal issues
Jun 26, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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AI Overview
Centralized crypto exchange AscendEX is under pressure after multiple users reported stuck withdrawals and blockchain investigator ZachXBT reported the platform's hot wallets hold few liquid assets. The evidence raises solvency and liquidity concerns for the Singapore-headquartered CEX and has prompted community demands for transparency on redemption, security and operational status.
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Cryptocurrency exchange AscendEX is currently under pressure after multiple users reported stuck withdrawals. Blockchain investigator ZachXBT has also stated that the platform’s known hot wallets hold few liquid assets, raising questions about the Singapore-headquartered exchange capability to meet redemption demands. I recommend your team answers the following questions for the community: 1) Why are AscendEX...
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