Hong Kong's cryptocurrency exchange goes dark

[{"selector":"#anim-7444cada-9b5e-4b4a-9366-23706670062d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.09480328034236%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] A large bitcoin exchange based in Hong Kong has removed some of its social media presence.

[{"selector":"#anim-dd5e9f1e-5154-4356-bcd0-e424de0c06af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.260901049082573%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] fears that the firm will fail as the sector reels from the collapse of FTX

[{"selector":"#anim-c149ddb5-74d9-420f-a0de-640e7e9c62b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.81071808592245%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] On November 15, Atom Asset Exchange (AAX) prohibited customer withdrawals.

[{"selector":"#anim-0e105bcf-2820-417c-8bf5-969091478ffe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-5.713941887133743%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] This followed the stunning collapse of industry leader FTX.

[{"selector":"#anim-3004b9a2-f817-4f2d-b50c-ba15d8b5b2dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.235351448636845%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] It was worth $32 billion before declaring bankruptcy this month

[{"selector":"#anim-59392237-71d0-4383-8a02-1eb1c581e9a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-17.3076925787309%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] It was worth $32 billion before declaring bankruptcy this month

[{"selector":"#anim-4e3cd8d5-68bf-4cd0-87d8-667c161c5fd3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(44.78515630835786%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] However, AAX's website remained operational, with a notification indicating that the system was being serviced. Learn more