AAX crypto exchange VP Ben Caselin resigns amid liquidity crisis
Caselin’s departure comes two weeks after the crypto exchange halted operations. AAX reportedly suffered a malicious exploit that saw it unable to verify the account balances of its customers. The Hong Kong-based platform has since liquidated the crypto futures.
Caselin is critical of the steps being taken by AAX. “The way things are handled is without empathy and overly opaque,” said Caselin in a statement on Monday. The former AAX executive said the crypto exchange had broken its trust with customers and that “the damage is done.”. AAX previously stated that it experienced massive withdrawals following FTX’s bankruptcy.
Source
https://t.me/DeFi_Ethereum
