AscendEX ceased operations July 1 after failing to secure MiCA authorization and a key liquidity deal, citing regulatory, financial, and market pressures. The July 6 notice offers no assurance on full user withdrawals, with automated functions paused and requests under manual review only. Hot wallets were near-empty per prior on-chain flags. Users face high risk of partial or delayed recovery; 2021 $78M hack adds to track record concerns.(unfolded.)