AscendEX withdrawal complaints mount as ZachXBT questions reserves
Cointelegraph 2026-06-26 11:47:02
Context: The cryptocurrency exchange AscendEX is facing mounting complaints from users regarding delayed withdrawals, amid concerns over potential liquidity issues. Crypto investigator ZachXBT has raised questions about the exchange's reserves, prompting users to report difficulties withdrawing their funds. The situation has sparked uncertainty about the financial stability of AscendEX.
Key Facts
- Multiple users have reported experiencing delayed withdrawals on the AscendEX exchange, with some users taking to social media to express their frustration and concerns about the safety of their funds.
- Crypto investigator ZachXBT has flagged potential liquidity issues with AscendEX and has urged the exchange to provide transparency about its reserves, sparking a wave of complaints from users.
- The complaints about delayed withdrawals on AscendEX have been mounting in recent days, with users claiming that they have been unable to access their funds despite repeated attempts to withdraw.
- The concerns over AscendEX's liquidity and reserves have raised questions about the exchange's financial stability and its ability to meet its obligations to users, potentially damaging trust in the platform.