AAX Update | DigiFinex denies association with AAX, AAX Vice President resigns: "Can't do anything about it anymore"

AAX announced the suspension of withdrawals, and since then, apart from the outrageous announcement on 11/15 emphasizing their continued efforts to raise funds, there has been no positive progress. Anonymous sources pointed out that only three executives have control over AAX.

※ This article was updated on 11/28 16:00, with the original title "Internal communication closed, front-line employees have no counterpart, community questions high association with DigiFinex."

Internal Communication Shut Down, Grassroots Employees Left in the Dark

A community manager in the AAX group stated:

"Hello everyone, from the suspension of withdrawals to today, 15 days have passed, and like all of you, I have been in the group waiting for the latest news. Yesterday, I saw screenshots of the dissolution conversation, and I was also very saddened... But the company's top management is still silent, without any announcement even to the employees. It was only after seeing the screenshots shared in the group that we found out about this... During this period, employees have been trying to communicate with the top management, hoping for transparency internally and externally, but all we received was silence... We are helpless and can only wait for the outcome... Each of us employees, like all of you, are victims, and we hope that those who made this decision can come out and face everything."

Sources also revealed that internal communication tools and email have been shut down, so there is no way to receive the latest updates from AAX's top management.

Community Speculation: Highly Associated with DigiFinex

Sources disclosed that the company's top management is still in communication with some employees, while other employees are unaware of the detailed situation of the company and are still waiting to see if the company will face liquidation.

When asked about the relationship between AAX and another exchange, DigiFinex, sources only knew that many AAX employees had indeed worked at that exchange.

AAX Vice President Resigns

AAX Vice President Ben Caselin tweeted that he has resigned, emphasizing that he fought for the community, but all his suggestions were ignored. He believed that AAX lacked empathy and transparency in handling the situation. Even when his family sought his help, he could only wait for the official response as he was powerless.

Dear all, it’s true I have resigned from AAX. I did fight for the community but none of the initiatives we came up with were accepted. Any role I had left for communication became hollow.

1/4

— ₿en Caselin HODL (@BenCaselin) November 28, 2022

DigiFinex Official Statement

DigiFinex released the following official statement:

DigiFinex has no relationship with AAX, please be cautious of rumors. The DigiFinex platform is operating normally, and all services such as deposits and withdrawals are functioning properly. Users can rest assured!

Due to personal reasons, Kiana has withdrawn from the daily management affairs of DigiFinex since early 2021 and is no longer involved in the daily management and operation of DigiFinex.

DigiFinex is preparing to provide exchange asset reserve proof and Merkel tree proof, which will be launched soon.

DigiFinex is committed to reducing platform risks and making greater efforts to create a more complete industry environment overall.

DigiFinex remains optimistic and passionate about the blockchain industry, but with recent volatility in the crypto market, users are reminded to engage in investment activities with caution.

Please verify the official website of DigiFinex at www.digifinex.com, as other similar websites with different domain names are counterfeit websites.