Crypto Platform AAX Halts Withdrawals But Denies It Had Exposure to FTX
. But this seems like a shockingly bad idea, if only because literally anyone with a Google account can make a Google form and try to spoof AAX’s own form.
The Google form that AAX users currently need to use to request a withdrawal of funds from the crypto company.“Our Customer Service Team will follow up and strive to resolve the requests manually one by one in close coordination with our security, operations and compliance team to ensure a smooth process. Expect manual withdrawals to take longer than usual,” AAX said in a press release.
AAX says it has set up a “dedicated task force” to provide updates every day at 12:00 p.m. local time in Hong Kong, which is 11:00 a.m. the previous day on the east coast of the U.S. right now.AAX ends its press release by noting that AAX would never ask for your password, two-factor authentication codes, or any other sensitive information, but acknowledges that the Google form where it’s processing manual withdrawals definitely asks for a copy of ID.
The crypto market was recovering slightly Monday morning after a weekend slide that saw bitcoin dip below $16,000. Bitcoin is currently trading at $16,704, up slightly fromAdvertisement AAX did not immediately respond to questions emailed early Monday. Gizmodo will update this article if we hear back.
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