Cryptocurrency exchange AAX deleted its official accounts on Youtube and Facebook

Representatives of the cryptocurrency exchange AAX, which recently stopped all operations with digital assets, have deleted the platform’s official accounts on Youtube and Facebook. Everything indicates that AAX has gone bankrupt, and its owners have begun to cover their tracks.

So far, AAX representatives have not published any official reports about the collapse of the exchange (ed.: it is now unknown whether this will happen at all if all social networks are deleted). However, members of the crypto community have already begun to post tweets calling on investors to withdraw funds from AAX as soon as possible.

What's happining on @AAXExchange, withdrawal suspended for 2 weeks and looks like no news? #aax #withdrawal #suspenden #BTC #Ethereum #aab

— 0xSVS (@savasuctu) November 25, 2022

Back on November 13, the crypto community drew attention to a suspicious statement by AAX representatives about the suspension of work for 7-10 days for the purpose of technical work. "Ongoing system updates require our third-party partner to verify and restore all users' asset data," the exchange said at the time.

📣Announcement of Automatic Liquidation of AAX Futures Positions

In order to protect the rights and interests of users, during the system maintenance period, AAX will automatically liquidate all futures positions on the platform.

Please find the details below.

1/4

— AAX (@AAXExchange) November 21, 2022

And 6 days ago, AAX’s Twitter account posted information about the automatic liquidation of AAX futures positions. «In order to protect the rights and interests of users, AAX will automatically liquidate all futures positions on the platform within a few days,» the exchange representatives wrote.

Obviously, 2022 was not the best year for most cryptocurrency projects and tokens. The recent collapse of the FTX exchange has had a negative impact on the entire crypto community — Sam Beckman-Fried and FTX were Binance-vyznav-shho-znav-pro-problemy-zbankrutiloyi-platformy-ftx/">among the largest players in the market. Earlier, we talked about a study by Coinbase Research, where cryptocurrency experts predicted long-term problems for the industry that could reach 2023. Analysts suggest that market turbulence and the lack of large investors investing in digital assets could prolong the already long cryptocurrency winter.