Native sources reported that two males who had been concerned with the AAX investigation had been arrested in Hong Kong on Dec. 23.
Based on native regulation enforcement, the people had been arrested for suspicions of fraud and deceptive law enforcement officials.
AAX chapter
Weeks after the FTX collapse, on Nov. 28, AAX change’s Vice President Ben Caselin introduced his resignation. Caselin mentioned he resigned as a result of he disagreed with the latest firm selections.
Reportedly, Caselin disagreed with AAX’s choice to declare chapter and liquidate all belongings. Nonetheless, a warning accompanied the corporate’s choice, stating that the staff might solely obtain their salaries for November, and customers might solely retrieve half of their belongings.
Native information sources indicated that AAX customers have misplaced over 100 million yuan in complete, which equates to $14.3 million.
FTX fallout’s impression on particular person buyers
A latest report that examined the impression of the numerous occasions in 2022 revealed that FTX had essentially the most appreciable impact on all who went bankrupt or collapsed.
The report thought-about Terra-Luna’s collapse and the bankruptcies of Voyager, BlockFi, Celsius, Mt.Gox, and FTX.
Based on the numbers, the FTX fallout affected over 1 million buyers, which is significantly greater than the 600,000 and 572,000 buyers affected by Celsius and BlockFi bankruptcies, respectively.
