[ZachXBT: AscendEX Currently Has Virtually No Usable Liquid Assets to Fulfill Withdrawal Requests] On-chain investigator ZachXBT posted that AscendEX's latest announcement has confirmed the cessation of operations, citing the current market environment and EU MiCA regulations as reasons for the shutdown. The announcement acknowledges that all withdrawals will be subject to manual review, which 'may be delayed or may not be processed at all.' ZachXBT pointed out that verified user claims amount to millions of dollars, but based on the status of AscendEX's public hot wallets, there are currently virtually no usable liquid assets to fulfill related withdrawal requests. According to a recent announcement on the AscendEX official website, AscendEX ceased all business operations as of July 1, including account opening, deposits, trading, staking, lending, and promotional services. Only limited account access is retained to handle withdrawals, KYC updates, complaints, and exporting transaction records.