We can relate to the fact that the public's trust in cryptocurrency exchanges has been shaken in light of the recent liquidity gap crisis faced by one of the most respected institutions in the industry.
Therefore, we would like to assure all users that we have put in place comprehensive measures to protect users’ digital assets and funds in AAX. More importantly, we sincerely express our gratitude to users for their recognition and trust in AAX.
AAX has no financial exposure to FTX and its affiliates. We hereby assure you that all digital assets stored in the AAX system have been protected from any loss. More importantly, we have not and will not use user funds in any leveraged transactions.
AAX is preparing to prepare a reserve certificate, which will be verified by an independent third party to verify the reserve status to further assure users of AAX's liquidity risk management capabilities and increase the transparency of the exchange.
At the same time, all AAX products and system service functions remain in normal operation without any impact, ensuring that users can have safe and uninterrupted trading services.
In addition, AAX will continue to carry out system upgrades according to the original schedule to further enhance the security of the system and user transactions to prevent endless malicious network threats.
Compared with traditional financial markets and financial products, AAX understands that digital assets are volatile and subject to considerable risks. However, our mission is to continue to create and provide a safe trading environment and new asset classes for all users, while minimizing uncertainty and investment risks. .
Ben Caselin, vice president of AAX and head of AAX Trends, said: "From the early glory of Mt. Gox, and later the DAO hack and the collapse of Luna, this industry has experienced many crises."
Ben Caselin, Vice President of AAX and Head of AAX Trends, further explained: “We have experienced many liquidity risks and bank runs in the traditional financial industry. However, we must be aware of this and learn from our mistakes to avoid repeating them. ; As a member of the cryptocurrency exchange market, we must continue to work hard to create a system and culture that is free from speculation and fragile mechanisms, and help the public focus on the core principles of the market such as Bitcoin, and work together to move towards A more robust financial system.”
AAX continues to maintain an optimistic and positive attitude towards the cryptocurrency market. Preserving user assets and security experience is our original intention and the most important task. We will also improve the platform and trading environment, and expand opportunities in new markets. Once again, we would like to thank all our users for choosing to embark on this journey with us.
AAX team
This article AAX Team｜Going Through Turbulent Times first appeared on Chain News ABMedia.
