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AAX reiterates withdrawal halt is unrelated to FTX contagion

Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX's collapse and that y rumors to the contrary are false.

The crypto community began reporting seeing a “System upgrade notification” message on Nov. 13, which said that a system upgrade “is taking longer than usual” which will delay withdrawals. Some shared concerns about whether the exchange was the next domino to fall after FTX and BlockFi. （By STEPHEN KATTE)

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