Doubtful AAX Pillars Escaped Before Bankruptcy?

AAX employees lost contact after the exchange froze withdrawals and deleted social media sites, suggesting the collapse of FTX could reveal more scam schemes.

This will likely be the next name on the list of crypto companies that will collapse after the disaster created by the giant FTX empire of Sam Bankman-Fried.

Atom Asset Exchange (AAX) has effectively shut down after it deleted its social media accounts and froze withdrawals on November 13 , with the team now incommunicado. Angry investors have formed several group chats on Telegram titled “AAX Investigation Group“, with each drawing more than 1,000 users demanding to know the AAX team’s whereabouts.

1. Shareholder Structure AAX

The AAX team and partner Thor Chan are the CEO of the company. Previously, he was COO at FDT Group and Microsoft.

Andy Hu is CTO at AAX, leading a technology team of over 50 developers. He has more than 20 years of experience in technology development and system architecture as well as skills in OS400, SaaS messaging, FinTech and blockchain technology. He is also a former software engineer at IBM.

Among other team members are Ben Caselin, Vice-President Global Marketing and Communications; Helen Wu, Head of Human Resources, Daniel Chen, VP of Treasury & Global Markets, Kenneth Lam, Treasury Specialist.

2. Three Key Members Disappeared

While the specific losses resulting from AAX’s collapse are unknown, the exchange’s actual closing provides a warning sign of its losses, in the same way that many companies and other cryptocurrencies have applied before filing for bankruptcy, the most recent possibly being BlockFi.

But what makes Taiwan more than 2 million users is the avoidance and loss of contact with 3 key representatives of AAX, Ka Kit Jacky Hung, Lin Lin (Peter Lin), and Weiyi Su (Victor Su).

The user community is sure that they ran away with money before the incident broke and went bankrupt.

Victor Su was identified as an incubator of the Rug Pull plan from the beginning, and the plan is similar to FTX. According to insiders, Victor Su is in Dubai, and the reason is that he is busy watching the WC, so he cannot be contacted.

This story is still in progress, our team is gathering more pieces of evidence. Please stick with us for more details.

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.

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