AAX
Atom Asset Exchange (AAX) was a cryptocurrency exchange that provided trading services for spot markets, perpetual contracts, and savings products across various digital assets such as Bitcoin, Ethereum, and others.
Established in 2018 in Seychelles, AAX primarily operated out of Hong Kong. Its CEO, Thor Chan, resigned in May 2021. The exchange gained prominence for offering features like crypto futures trading, spot pair markets, peer-to-peer (P2P) fiat trading, savings accounts, and API connectivity, with support for over 20 fiat currencies alongside Bitcoin trading.
However, AAX faced a significant downfall following the collapse of FTX. On November 13, 2022—just two days after FTX filed for bankruptcy—AAX suspended all withdrawals and deleted its social media accounts. By December 16, its website and mobile application had ceased functioning entirely. In response, thousands of AAX users organized through Telegram groups to investigate and locate the exchange’s senior executives. On December 23, 2022, two individuals were detained by Hong Kong police in connection with the case.
Ultimately, AAX’s closure marked a cautionary tale in the volatile cryptocurrency landscape.
Contact Info
- contact@aax.com
- www.aax.com
- Malta
