[ZachXBT: Advises AscendEX Users with Frozen Funds to Report to Local Regulators] On-chain investigator ZachXBT posted that the cryptocurrency exchange AscendEX has not published any content on Platform X for nine days, with user withdrawals still unprocessed while deposit functions remain operational. One major victim reported the issue to AscendEX co-founder George Cao but received no response. ZachXBT suggests that users with frozen funds submit reports to their national law enforcement and regulatory agencies. Previously, on June 26, ZachXBT disclosed that AscendEX was suspected of facing liquidity issues, with user withdrawals delayed from several days to weeks.