Weeks after the AAX exchange started to restrict withdrawals, the vice president of worldwide marketing and communications made an official announcement of his departure from the company, according to Cointelegraph.
Cointelegraph reports that Ben Caselin discussed his intention to quit the organization and his role at the cryptocurrency exchange in a post on Twitter. Caselin argues that despite his efforts to speak out for the neighborhood, their suggestions were turned down. His communication position, according to the executive, had become “empty.”
The former AAX executive also expressed his displeasure with the way AAX is handling the problem, according to Cointelegraph. Caselin characterized the exchange’s behaviors as “without empathy” and “overly opaque.”
The former CEO said that numerous people, including some of his family members, had requested his assistance during the withdrawal suspension, according to Cointelegraph. Everyone is waiting for reactions to the discussion, Caselin wrote, but he was helpless at the moment.
The AAX team made it apparent that extra funding is needed after the announcement since its investors have opted to withdraw their money from AAX because of the FTX crash, according to Cointelegraph. According to the exchange, they run the danger of developing a capital shortfall that they must pay off before beginning their normal activities.
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