News

Proofs Of AAX Rug Pull Plan: 5000 ETH Transferred from Hot Wallet (Updating)

Apparently the AAX exchange’s Ponzi scheme was designed from the start and most assume that the person behind it all is Victor Su. The findings show that around 5000 ETH was transferred from the exchange’s hot wallet on September 22.

It can be seen that there were almost 5000 eth transferred from the AAX hot wallet on September 22 before the exchange maintenance issue on November 13-22, looks like they pulled this rug out quite a while ago.

The value of 5000 Eth is much higher than all these arbitrary convertible accounts when they are marketed. They tried to make multiple transfers through different wallets before cashing out at different exchanges. It can take a while to track all of these movements, but anyone can help with the investigation.

There could be more coins stolen from hot wallets in AAX, which is one of the largest on record.

As was previously updated, in Taiwan alone, more than 1000 users became victims of this scam scheme with losses of up to $100 million. Below are the noted wallets holding AAX assets.

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 us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

Coincu News

Victor

Recent Posts

Bitcoin Trading Volume Skyrockets to $145 Billion as Retail Investors Return

Bitcoin trading volume has surged to an all-time high of $145 billion in the last…

38 minutes ago

Italy Considers Reducing Proposed Italy Crypto Tax to 28%

Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…

4 hours ago

Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…

4 hours ago

Elon Musk Invests $200M in Trump, Treats Government Like X (Twitter)

Elon Musk applies his X (Twitter) management style to politics. His political strategies, including voter…

5 hours ago

PayPal Stablecoin PYUSD Now Available for Cross-Chain Trading via LayerZero

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

6 hours ago

New Department of Government Efficiency Will Be Led by Musk

President-elect Trump plans to establish the Department of Government Efficiency, led by Elon Musk and…

7 hours ago

This website uses cookies.