Another cryptocurrency exchange bit the dust. Services have been suspended at exchange giant AEX Global.

Cause

       Tam Huang, the head of AEX, is thought to have suspended the operations in order to "completely cooperate" with an inquiry of China's Guangxi police. Huang's motivation for taking this action is unknown, though.

Suspicious

      Chinese-born Tam Huang, the company's creator, established AEX Global in Turkey following China's crackdown on cryptocurrencies. Now, stopping his company's services in the name of an unidentified investigation by Chinese police is causing a lot of concern.

Bleak Circumstance

     AEX has joined with Celsius, BlockFi, 3AC, Voyager and Vault, which have now ceased/suspended, or limited their operations. AEX Global is 9 years old, a lot older than Binance and is much more seasoned exchange when it comes to bear the Bear attacks, its current situation is suggesting that the crypto industry is in serious trouble.

Thoughts

     Due of the frequent closure of exchanges, more people are asking questions about them now, and their perspective appears reasonable.