The AEX exchange announced the suspension of all services on the platform for investigating the Chinese police.

Centralized Cryptocurrency Exchange (CEX) AEX has issued an official notice of suspending all existing services on the platform. However, it seems that this pause has been somewhat rushed.

Accordingly, AEX will stop all services starting from 7:32 UTC on July 17, 2022. The reason given by the floor for this sudden move is to fully cooperate with the investigation of the police of Guangxi province (Guangxi, China).

“We apologize for the inconvenience. Please wait for the police announcement. Thank you for your continuous trust and support to the AEX platform.”

AEX finished its statement with a risk warning about digital assets, describing them as “innovative investment products whose prices may fluctuate violently.”

Currently, the exchange has not taken any further action on the status, and users are still waiting for the investigation results. CoinCu will soon update more information about this event.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Cryptocurrency Exchange AEX Suspends All Services

The AEX exchange announced the suspension of all services on the platform for investigating the Chinese police.

Centralized Cryptocurrency Exchange (CEX) AEX has issued an official notice of suspending all existing services on the platform. However, it seems that this pause has been somewhat rushed.

Accordingly, AEX will stop all services starting from 7:32 UTC on July 17, 2022. The reason given by the floor for this sudden move is to fully cooperate with the investigation of the police of Guangxi province (Guangxi, China).

“We apologize for the inconvenience. Please wait for the police announcement. Thank you for your continuous trust and support to the AEX platform.”

AEX finished its statement with a risk warning about digital assets, describing them as “innovative investment products whose prices may fluctuate violently.”

Currently, the exchange has not taken any further action on the status, and users are still waiting for the investigation results. CoinCu will soon update more information about this event.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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