November 16, 2022<\/p>\n\n\n\n
By Tsering Namgyal<\/p>\n\n\n\n
Hong Kong-based crypto exchange AAX has said it is stopping customer withdrawal for ten days due to a systems upgrade. It blamed the glitch on an unidentified third-party but said it has no exposure to now-defunct crypto exchange FTX.<\/p>\n\n\n\n
When asked about the incident, AAX vice president Ben Caselin told NFTMetta.com that \u201cit is a sensitive period for sure\u201d and directed us to look at his twitter feeds.<\/p>\n\n\n\n
\u201cFrom my best observation,\u201d he wrote on twitter, \u201cit will take a few days before we can start to see things open up and be resolved. Not easy while market is fearful. For now, also for media, be a good player and give AAX time to open up gradually while ensuring absolute system integrity.<\/p>\n\n\n\n
The failure of a third-party means services will be delayed for up to ten days.<\/p>\n\n\n\n
On Friday, the company, however, said it has no exposure to collapsed crypto exchange FTX which filed for bankruptcy protection in the U.S on Friday and CEO Sam Bankman-Fried resigned.<\/p>\n\n\n\n
FTX filed for bankruptcy protection in the U.S. on Friday, and there has also been reports of the FTX\u2019s assets being hacked, and of the exchange having siphoning off customer funds to its prop up its trading arm Alameda Research.<\/p>\n\n\n\n
AAX was launched in 2019 as the first crypto user of the London Stock Exchange Group\u2019s matching technology. According to CoinDesk, a spokesperson of the LSEG said there were \u201cno issues\u201d with its systems.<\/p>\n\n\n\n
About the author<\/strong><\/strong><\/p>\n\n\n\n Tsering Namgyal is the chief content officer at NFTMetta.com. He was previously based in Hong Kong where he covered blockchain and crypto for a leading global newswire specializing in financial regulations.<\/p>\n","protected":false},"excerpt":{"rendered":" November 16, 2022 By Tsering Namgyal Hong Kong-based crypto exchange AAX has said it is stopping customer withdrawal for ten days due to a systems upgrade. It blamed the glitch […]<\/p>\n","protected":false},"author":1,"featured_media":2147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2146"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=2146"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2146\/revisions"}],"predecessor-version":[{"id":2148,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2146\/revisions\/2148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/2147"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=2146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=2146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=2146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}