AscendEX Exchange Reportedly Faces Liquidity Issues: ZachXBT

AscendEX Exchange Reportedly Faces Liquidity Issues: ZachXBT

Multiple users reported delayed AscendEX withdrawals after ZachXBT flagged potential liquidity issues and urged the exchange to explain its reserves.

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.

AscendEX Withdrawal Crisis Sparks Liquidity Concerns In 2026

AscendEX is facing renewed scrutiny after on-chain investigator ZachXBT highlighted prolonged withdrawal delays and low hot wallet balances. The reports have reignited concerns over exchange liquidity, transparency, and counterparty risk as users monitor withdrawal processing and reserve management.

ZachXBT warns AscendEX may face liquidity issues as withdrawals stall

ZachXBT warned AscendEX may face liquidity issues after users reported delayed withdrawals and hot wallets appeared low on major assets.

ZachXBT Warns AscendEX Users Face Withdrawal Delays

ZachXBT issued a community alert after multiple AscendEX users reported withdrawals delayed for days or weeks, with some claiming their requests were not being processed. The alert focuses on AscendEX, formerly BitMax, the centralized exchange founded by George Cao and Ariel Ling in 2018. ZachXBT said known AscendEX hot wallets reviewed through Arkham and TRM appeared thin on major assets including ETH, USDT and SOL. Those wallet balances do not…