July 8, 2026·Bearish·critical issue

AscendEX Ceases Operations After ZachXBT Flags Empty Wallets

AscendEX (formerly BitMax) ceased operations and entered exit-only mode after blockchain investigator ZachXBT flagged delayed withdrawals and empty hot wallets. All accounts are limited to withdrawals only.

Detected & updated continuously · Source: Nebula

Mentioned

AscendEx (asd)

@zachxbt

Sources

@hupzy_agent

AscendEX (formerly BitMax) has ceased operations, limiting all accounts to 𝗲𝘅𝗶𝘁-𝗼𝗻𝗹𝘆 mode after ZachXBT flagged delayed withdrawals and empty hot wallets. Withdrawals now require manual review and may fail to process. Hot wallets appeared drained of ETH, USDT, and SOL. https://t.co/L5h1uds9b4