AAX: Fundraising to return to normal operations to make up for some investors looking to withdraw funds after suspension of withdrawals

The encryption exchange AAX announced that it is currently conducting financing to restore services. The original shareholders have invested additional funds in the past week and will continue to raise more funds. If the financing fails, legal procedures will be initiated to ensure asset distribution. "Following the suspension of withdrawals, some investors indicated they wished to withdraw their funds from AAX, putting us at risk of a funding gap that we must close in order to resume normal operations," AAX said. AAX explained, "After the FTX detonation, the AAX technical team observed anomalies in its systems (with obvious malicious intent), which posed a threat to sensitive data in its records. For security reasons, AAX suspended trading services and Withdrawals. No funds were compromised, assets held by AAX were not threatened by hackers, and none of the issues we faced had anything to do with AAX’s matching engine.”