ZachXBT has spotted serious withdrawal delays hitting AscendEX users where some requests sit unprocessed entirely. Several people report their transactions stalled for days or even weeks.
Withdrawal Woes Plague AscendEX 🕯️
The on-chain sleuth dropped a warning inside his Telegram group to flag potential liquidity challenges. “I have observed multiple reports that the centralized exchange AscendEX is delaying user withdrawals for days or weeks or not processing withdrawals at all,” he shared. After checking reserves via Arkham and TRM he noticed the exchange lacks major tokens like USDT, ETH and SOL which points to real liquidity strain. He shared Solana, Tron and EVM wallet addresses tied to the probe. Community notes show users seeing withdrawals stuck on initiating status past a full week.
ZachXBT Spots JuCoin Reserve Shadows Too 🌑
This is not the first exchange facing heat over slow processing. ZachXBT recently called out JuCoin for matching issues claiming its reserves lack liquid backing. He questioned the reported $511 million in holdings since much appears as unbacked USDC and USDT on JuChain while the listed team looks disconnected from control. Reported team responses blame upgrades and restructuring yet users still demand clear timelines and proof their assets remain accessible. Past exploits hit JuDAO for $225,000 in April plus a $20 million event last year with the platform rebranding multiple times before.
Just another echo from the void by iconofsin.eth 💖
