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Mining

Crypto news: AAX exchange attacked by angry Nigerians; US senator Ted Cruz spruiks Bitcoin mining in Texas

admin December 4, 2022

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, 2022-12-04 21:26:00,

Staff at crypto exchange AAX have reportedly been attacked by customers in Lagos, Nigeria. That’s not cool, but suddenly halting withdrawals is a recipe for, well, extreme disgruntlement.

Crypto lending platforms and exchanges freezing customer funds almost seems par for the course at the moment in the wake of the FTX collapse and subsequent intensified “crypto contagion”. Angry mobs physically attacking them, though, that’s taking things to another level.

According to local reports across the weekend, Nigerian-based customers of the Hong Kong/global crypto exchange AAX “stormed the AAX Lagos offices” in a desperate search for their funds, demanding their money while “beating up the staff available”.

The Nigerian Blockchain Technology Association Stakeholders (SiBAN) responded to the violence via an official statement:

“We appeal to and discourage any dissatisfied or angry user or investor from harassing or victimizing the AAX Country Manager (Nigeria), other local staff members, and AAX ambassadors nationwide.

These persons are also facing the same situation as disgruntled users and investors. At the time of writing this notice, we are aware that communication between these persons and AAX headquarters has been equally strained at this time. We therefore appeal for understanding and patience from all Nigerian AAX users.”

AAX began halting customer withdrawals on November 14, claiming a glitch in a…

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