Crypto

VP of AAX speaks out against handling of company bankruptcy decision

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Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned.

According to reporter Wu Blockchain, a screenshot was released detailing the company’s decision to declare bankruptcy and liquidate. The caveat that accompanied this decision was that employees will only see November salaries guaranteed while users only able to retrieve half of their assets from the platform.

Caselin said in his own thread that he had “placed a lot of trust in this exchange” and described the way AAX handled the situation as “without empathy and overly opaque.”

“People, including my own family ask me for help, but there is nothing I can do. Everyone is waiting on actions. I still believe things will be handled without evil intentions, but the damage is done. The brand is no more and trust is broken.”

Caselin concluded by explaining that he has disabled “a lot” of his social media as interested parties reach out to him for solution.

“…People believe I can solve the issue, I cannot. This is for the founders and board. I will continue to follow. And continue to hope.”

The post VP of AAX speaks out against handling of company bankruptcy decision appeared first on CryptoSlate.



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