AscendEX: Hot Wallets Show Zero Liquid Assets
AscendEX faces withdrawal delays as hot wallets hold no liquid assets, prompting warnings against deposits to the CEX.
SourceAnalysis
AscendEX users report delayed or incomplete withdrawals while the exchange's hot wallets currently contain no liquid assets, according to on-chain analyst @zachxbt. The warning urges the community to avoid depositing funds to this CEX amid rising centralized exchange risks and AscendEX withdrawal problems. Observers now scrutinize hot wallet liquidity concerns as a key red flag for platform solvency.
ZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space
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