According to an official announcement published Sunday, Hong Kong-based crypto exchange AAX is suspending withdrawals for seven to ten days for a scheduled system upgrade to protect users. AAX claims it discovered and manually restored some user balance data that had been abnormally recorded in its system due to the failure of an unnamed third-party partner. According to AAX, it has no financial exposure to FTX or its affiliates, and its digital assets are still intact, with a large portion stored in cold wallets.
