Hupzy (Spot On Chain)|Jun 26, 2026 04:11
๐จ ZachXBT has flagged ๐๐๐ฐ๐ฒ๐ป๐ฑ๐๐ซ (formerly Bitmax) for withdrawal delays lasting days to weeks, with on-chain analysis of hot wallets on Arkham and TRM showing the exchange's reserves lack large-cap tokens including ETH, USDT, and SOL.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Withdrawal delays combined with depleted large-cap reserves are classic early warning signs of exchange liquidity stress. While AscendEX is not a Hupzy-integrated platform, this matters for the broader ecosystem โ users with funds on AscendEX should monitor the situation closely and consider withdrawing what they can. Exchange liquidity scares tend to trigger short-term risk-off sentiment across crypto, especially for tokens the exchange holds in reserve. The fact that this exchange was previously hacked by Lazarus Group for $78M adds another layer of concern.
source: WuBlockchain
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