AEX plans to discount and transfer part of the platform assets to customers every month in exchange for AUSD destruction

Chain Catcher news, the cryptocurrency trading platform AEX has released the "Platform Situation Statement and Solution (2)", stating that the coercive measures against some senior executives of the platform have not yet been lifted, and it is expected that there is no possibility of lifting them in the short term. Based on the previous "soft repayment" plan, a Plan 2 has been added to increase customer choice and repayment efficiency. The specific measures are as follows:

1. AEX will entrust a third-party law firm and a third-party management company to transfer some project rights with relatively predictable repayment expectations to customers at a lower discount (generally 20-40% of the value), with fiat currency settlement. (Assets include film and television box office revenue rights, stocks of companies that are about to go public, and other assets with relatively predictable timeframes and returns.)

2. The prerequisite for participation is that customers must sign a real-name rights purchase contract, complete the "Qualified Investor Questionnaire," and send a specified amount of AUSD to the black hole address for destruction (varies by project) to qualify for the purchase. Each project announcement will separately stipulate the amount of AUSD required for destruction.

3. The projects and participation methods will be published by a third-party company through their public account (the first project is expected to be released in mid-January), with each project supporting 1-49 participants. Customers can complete contract matters by contacting their account manager. If the number of participants exceeds 49, priority will be given to those who destroyed AUSD earlier. It is expected that 1-2 projects will be launched each month, and customers can choose to participate selectively.

Previously reported, on July 17, the cryptocurrency trading platform AEX officially announced that "according to the requirements of the Guangxi police, it will suspend related services at 15:32 (UTC+8) on July 17, 2022, and fully cooperate with the police investigation. Please wait for the police announcement." On December 12, the cryptocurrency trading platform AEX announced that due to regulatory investigations since July of this year and coercive measures taken against some senior executives, some assets are currently under controlled status and normal services cannot be provided. The coercive measures may not be lifted in the short term, and a "soft repayment" strategy has been decided upon after discussions among all parties.