AscendEX faces withdrawal delays as hot wallets hold no liquid assets, prompting warnings against deposits to the CEX.

According to ZachXBT, Circle has recently unfrozen two additional hot wallets associated with 500 Casino and Whale. This move follows an earlier freeze that resulted in users being unable to withdraw funds from a major centralized exchange to the affected wallets due to Know Your Transaction (KYT) compliance protocols. However, essential details about the case, including the plaintiff, expert witness, and the reasoning behind Circle not contesting the freeze, remain undisclosed.