ZachXBT: Suggesting AscendEX platform users whose funds have been frozen to report to local regulatory authorities

Chain detective ZachXBT stated that the cryptocurrency exchange AscendEX has not published any content on the X platform for 9 days, and user withdrawals have not been processed while recharge functions are normal. A large victim reported the issue to George Cao, co-founder of AscendEX, but received no response. ZachXBT suggested that cardholders submit reports to their country's law enforcement and regulatory agencies. On June 26th, ZachXBT revealed that AscendEX may be facing liquidity issues, with user withdrawals delayed for several days to weeks.