exchange
AscendEX Ceases Operations and Freezes Withdrawals
AscendEX has halted its operations as of July 1, 2026, and has moved all withdrawal requests to manual review starting July 6, affecting retail account holders.
AS1 NewsSource: thedefiant.io
Crypto exchange AscendEX announced that it ceased operations effective July 1, 2026. Starting July 6, all withdrawal requests are now subject to manual review. The exchange's notice, posted on its website, was addressed to retail account holders. The company cited the European Union's Markets in Crypto-Assets Regulation (MiCA) as a reason for the operational changes. This move impacts users who hold assets on the platform, as they may face delays or restrictions in withdrawing their funds. The specific effects on the exchange's token or broader ecosystem are not detailed in the announcement.
The halt of operations and withdrawal freeze could affect users' access to their funds and may influence the exchange's reputation and operational stability.