AscendEX stories

Jul 8, 2026

AscendEX Exchange Shuts Down Operations, Freezes Withdrawals After MiCA License Failure

Crypto exchange AscendEX ceased operations effective July 1, 2026, citing lack of EU MiCA license compliance. The platform moved all withdrawal requests to manual review starting July 6, with reports indicating hot wallets lack sufficient funds to process user withdrawals.

Jul 8, 2026·4 sources

Jun 26, 2026

AscendEX Exchange Faces Withdrawal Issues as ZachXBT Flags Potential Liquidity Problems

Multiple users reported stuck withdrawals from cryptocurrency exchange AscendEX, with blockchain investigator ZachXBT stating the platform's known hot wallets hold insufficient funds to cover user balances, suggesting possible liquidity issues.

Jun 26, 2026·2 sources

Top claims

▪AscendEX stated it holds no authorization under the EU's Markets in Crypto-Assets Regulation (MiCA), which took full effect on July 1, 2026.
▪On June 23, ESMA instructed unauthorized platforms to wind down operations in an orderly way and communicate clear exit timelines to clients.
▪ESMA's review will assess risks including governance, key management, and smart contract vulnerabilities from late 2026 into early 2027.

Topics

Crypto exchange regulation European Union EU AI Act Crypto custody regulation Crypto exchanges

Crypto regulation

On-chain analysis

Crypto risk management

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