Cryptocurrency exchange AAX stops working for at least a week

The cryptocurrency world is experiencing a series of unforeseen events. 2022 was definitely not the best year for most cryptocurrency projects and cryptocurrency prices.

The recent crash of the FTX exchange has once again hit the crypto market. SBF (Sam Beckman-Fried) and FTX were among the largest players in the cryptocurrency market. The collapse of FTX also had a negative impact Binance-ne-viryt-u-te-shho-crypto-com-vypadkovo-vtratyly-85-svoyih-ethereum-tokeniv/">on other platforms.

In this regard, the statement of the cryptocurrency exchange AAH regarding the suspension of work for 7−10 days for the purpose of technical work looks extremely suspicious. «Ongoing system updates require our third-party partner to verify and restore all users' asset data,» the exchange said.

Ben Kaslin, vice president of AAX, addressed the community via Telegram about the current problem. Kaslin said that the service would take longer and asked users to be patient. He stated that there will be an official announcement from AAX along with documentation proving the crypto exchange’s reserves. At the time of writing, AAX ranks 58th in the ranking of the largest Cryptocurrencies.