Atom Asset Exchange (AAX) is a defunct cryptocurrency exchange that offered spot, perpetual contracts and savings products across a wide variety of digital assets, including Bitcoin, Ethereum and others.
History
AAX was formed in 2018, in
Seychelles
Seychelles (, ; ), officially the Republic of Seychelles (french: link=no, République des Seychelles; Creole: ''La Repiblik Sesel''), is an archipelagic state consisting of 115 islands in the Indian Ocean. Its capital and largest city, V ...
,
operating primarily in Hong Kong. CEO Thor Chan has resigned since May, 2021.
Two days after crypto exchange
FTX
FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange") is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. The exchange was founded in 2019 and, at its peak in July 2021, had over one mi ...
filed for bankruptcy, AAX suspended all withdrawals on 13 November 2022,
and deleted its social media accounts. On December 16, its website and App ceased to function. Using the
Telegram app, thousands of AAX investors formed multiple online messaging groups, joining their efforts to locate the senior executives of the company.
On December 23, 2022, two men were detained by police in Hong Kong.
Products
AAX offered crypto futures contracts, spot pairs, P2P fiat trading, savings products, and API connectivity. AAX supports bitcoin trading along with support for over 20 fiat currencies.
References
External links
*
{{Cryptocurrencies
Digital currency exchanges
Corporate scandals
Cryptocurrency scams