According to X user bthd citing Nansen data, AscendEX (BitMax) has total assets of approximately $14 million, with only about $1.3 million in ETH and other liquid assets. The majority consists of platform-owned tokens and assets with near-zero liquidity. bthd also referenced a post by ZachXBT, stating that users have been unable to withdraw their assets for a long time. There are also Telegram groups discussing cases where user assets were previously frozen in various ways. bthd mentioned that AscendEX had previously promoted IEOs like Akash, Bonfida, and Cudos, and had experienced a hacking incident, after which FTX/SBF provided assistance. https://(wublock123.com)/news/ascendex-liquid-assets-1-3m-users-cant-withdraw-63956