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Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned.
Hong Kong exchange AAX VP BEN said that he had resigned. A screenshot shows that AAX HR stated that the company has decided to dissolve (bankruptcy and liquidation), employees can only guarantee salaries in November, and usersâ assets on the platform may only be returned half.
â Wu Blockchain (@WuBlockchain) November 28, 2022
According to reporter Wu Blockchain, a screenshot was released detailing the companyâs 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.
Dear all, itâs true I have resigned from AAX. I did fight for the community but none of the initiatives we came up with were accepted. Any role I had left for communication became hollow.
1/4
â âżen Caselin HODL (@BenCaselin) November 28, 2022
Caselin said in his own thread that he had âplaced a lot of trust in this exchangeâ and described the way AAX handled the situation as âwithout empathy and overly opaque.â
âPeople, 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.â
Caselin concluded by explaining that he has disabled âa lotâ of his social media as interested parties reach out to him for solution.
ââŠPeople believe I can solve the issue, I cannot. This is for the founders and board. I will continue to follow. And continue to hope.â
The post VP of AAX speaks out against handling of company bankruptcy decision appeared first on CryptoSlate.
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