​AAX reiterates withdrawal halt is unrelated to FTX contagion. | CoinQuest

​AAX reiterates withdrawal halt is unrelated to FTX contagion.

In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates.

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 rumors to the contrary are false.

The crypto community reported 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.