Hong Kong-based crypto exchange AAX is likely to end operations and restructure, its former vice president for global marketing and communications, Ben Caselin, told CoinDesk TV on Wednesday in his first interview since he announced his resignation on Monday. AAX is the latest in a series of liquidity crunches following Sam Bankman-Fried’s FTX exchange filing for bankruptcy on Nov. 11 and freezing accounts and funds for as many as a million users. Cryptocurrency exchange BlockFi declared bankruptcy on Tuesday. (forkast)
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Troubled Hong Kong Crypto Exchange AAX Unlikely to Reopen, Says Former Executive
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