AEX: The platform's capital controlled status may continue, and a "soft repayment" strategy will be adopted

2022-12-12 17:26:20

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ChainCatcher news, the encrypted exchange AEX announced today that due to regulatory investigations since July of this year and other objective reasons such as certain senior executives being subjected to compulsory measures, some of the platform's assets are currently under control and unable to provide normal services. Additionally, the compulsory measures may not be lifted in the short term. After discussions among all parties, it has been decided to adopt a "soft repayment" strategy.

The strategy includes repurchasing AUSD from the Uniswap AUSD-USDT trading pair to ensure AUSD remains in a deflationary state, and adding a certain amount of USDT to the Uniswap AUSD-USDT trading pair to provide liquidity, ensuring that the liquidity pool's capacity for AUSD continues to improve.

In addition, AEX is expected to release "Platform Situation Explanation and Solution 2" soon to increase customer options and repayment efficiency. (Source link)

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