Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal

AAX will close out derivatives positions as it attempts to return to normal following a hack, the Hong Kong crypto exchange said in a statement posted Sunday.

“In order to protect the rights and interests of users, during the system maintenance period, AAX will automatically liquidate all futures positions on the platform,” beginning 4pm UTC Monday and using prices listed on Binance, the exchange said.

(By Jack Schickler)


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