{"id":15122,"date":"2022-12-04T07:48:35","date_gmt":"2022-12-04T07:48:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/aax-users-storm-crypto-exchanges-nigerian-offices-attack-employees-news-bitcoin-news\/"},"modified":"2022-12-04T07:48:35","modified_gmt":"2022-12-04T07:48:35","slug":"aax-users-storm-crypto-exchanges-nigerian-offices-attack-employees-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/aax-users-storm-crypto-exchanges-nigerian-offices-attack-employees-news-bitcoin-news\/","title":{"rendered":"AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees \u2013 News Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange\u2019s workers came just days after the Nigerian crypto and blockchain advocacy group asked to refrain from doing so. Meanwhile, the former vice president of AAX claimed in a tweet that the \u201cbrand is no more and trust is broken.\u201d<\/strong><\/p>\n

Disgruntled Nigerian AAX Users Told to Spare Local Employees<\/h2>\n

According to a local report, a group of disgruntled Nigerian users of Atom Asset Exchange (AAX) recently stormed the crypto exchange\u2019s offices in Lagos and assaulted employees. The angry mob reportedly demanded the lifting of a freeze on withdrawals, which came into effect on Nov. 12.<\/p>\n

While the Dec. 2 report<\/a> by Legit does not state when the incident occurred, it nonetheless corroborates an earlier plea made by the advocacy group the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN).In its Nov. 28 public notice, SIBAN urged AAX users to stop victimizing the beleaguered crypto exchange\u2019s workers.<\/p>\n

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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 are.<\/p>\n<\/blockquote>\n

The advocacy group also revealed that the Hong-Kong headquartered crypto exchange\u2019s senior executives had stopped communicating with their Nigeria-based workers.<\/p>\n

AAX Users Have Not Been Updated<\/h2>\n

Meanwhile, in a message aimed at AAX and its founders, the advocacy group reminded the crypto exchange of its obligations towards users. In addition, the notice suggested some steps that AAX and Nigerian workers must take to restore the public\u2019s trust.<\/p>\n

\u201cIf protecting users is AAX\u2019s highest priority as it boasts in its public announcement, AAX should immediately take steps to close the gaps by bridging communication between itself and its local staff in Nigeria on the one hand, and between AAX and its Nigerian users on the other hand,\u201d SIBAN\u2019s public notice said.<\/p>\n

In its last update<\/a> (Nov. 18), AAX told users that there had been \u201cmany new developments\u201d which meant it required \u201cmore time to respond to the overwhelming amount of questions in the community.\u201d At the time, AAX said it would issue more updates via the official channel for public announcements and updates. However, the crypto exchange had not issued fresh updates at the time of writing (Dec. 3, 11:00 am EST).<\/p>\n

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Dear all, it\u2019s 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. <\/p>\n

1\/4<\/p>\n

\u2014 \u20bfen Caselin HODL (@BenCaselin) November 28, 2022<\/a><\/p>\n<\/blockquote>\n

The sudden resignation of the crypto platform\u2019s vice president Ben Caselin and his claims that the \u201cbrand is no more and trust is broken\u201d have fueled speculation that the crypto exchange might not resume operations any time soon.<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, editorial photo credit: Kehinde Temitope Odutayo\/ Shutterstock<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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