AAX: There is a chance to secure sufficient funding and resume normal operations in the coming weeks

ChainCatcher news, cryptocurrency exchange AAX announced over the weekend that it met with more than 50 investors in the past week, some of whom have entered into negotiation stages. There is an optimistic estimate that AAX has the opportunity to secure sufficient funding and resume normal operations in the coming weeks. According to CoinDesk, AAX stated that it will close derivatives contract trading at 0:00 Beijing time on November 22 and will use prices on Binance to liquidate all futures positions.

Previous report, on November 15, AAX stated that it is seeking financing to restore services, and if the financing fails, it will initiate legal proceedings to ensure asset distribution. (Source link)