AscendEX review: score, licensing and risks
39/100SCORE · DCaution
Grade D, caution
Ceased operations on 1 July 2026. Had previously suffered a 77 million dollar breach in 2021 which it covered. Listed so anyone searching finds the closure.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Singapore
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Covered users after the 2021 breach
✗ Weaknesses
- Ceased operations 1 July 2026
Incident history
2021
Around 77 million dollars was drained from hot wallets. AscendEX covered affected users.
2026
Ceased operations on 1 July 2026, citing regulatory and financial pressure.
Our read
Ceased operations on 1 July 2026. Had previously suffered a 77 million dollar breach in 2021 which it covered. Listed so anyone searching finds the closure.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.