| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Hong Kong |
| Sector | Crypto |
| Total raised | Undisclosed |
| Collapse type | Sudden Collapse |
| Founder | Thor Chan |
AAX Exchange
"Hong Kong crypto exchange backed by NYSE technology halted withdrawals in November 2022 claiming a "system upgrade"—then its executives vanished and $60M in user funds disappeared."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
AAX Exchange (Atom Asset Exchange) was founded in Hong Kong in 2018 as a digital asset exchange that promoted its use of London Stock Exchange Technology (LSEG) matching engine as a credibility signal.
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