Thar She Blows! – Crypto Exchange AAX Suspends Withdrawals as FTX Failure Reverberates

Submitted by: aka.attrition

Source: CoinDesk

The suspension for as long as 10 days was blamed on the failure of an unidentified third party. The Hong Kong-based exchange has said it has no exposure to Sam Bankman-Fried’s company.

Sunrise over Victoria Harbor

Crypto exchange AAX said it had suspended activity, citing a scheduled upgrade that had been delayed by turbulent markets.

The failure of a third-party partner means services will be delayed for as long as 10 days, the Hong Kong-based company said Sunday. The exchange did not identify the partner, and has said it has no exposure to FTX, a rival whose collapse has caused chaos in the industry.

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