HONG KONG: A major Hong Kong-based cryptocurrency exchange has scrubbed some of its social media presence two weeks after it halted withdrawals, fuelling fears the firm may collapse as the sector reels from the implosion of giant FTX.

Atom Asset Exchange (AAX) prevented customer withdrawals on Nov 15, saying its capital position was under “acute pressure”.

The Facebook and YouTube pages of AAX were no longer accessible Tuesday. But its website was still online though it displayed no spot trading data.

Meanwhile, US crypto exchange Bitfront, backed by Japanese social media firm Line Corp, has also shut down, saying it has suspended new sign-ups and credit card payments.

Published in Dawn, November 30th, 2022