Ben Caselin, the director of the cryptocurrency exchange AAX, which has stopped its operations, announced that he has resigned from his position.
The bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, created a domino effect in the industry. Many crypto companies are struggling with bankruptcy and liquidity issues. Cryptocurrency exchanges, in particular, are going through tough times due to FTX events. One of them, the AAX exchange, had stopped its services and withdrawals. Weeks later, the stock market came to the fore with the turmoil in company management.
AAX Manager Says The Company Has Lost Its Brand Value
Ben Caselin, the former director of the cryptocurrency exchange AAX, announced his resignation via Twitter. Caselin, vice president of global marketing and communications, talked about the reasons for his resignation.
Caselin stated that despite the current situation, he believes that things will be handled without malice. But the former manager said that the brand image is no longer there and trust is broken. The former manager underlined that he was fighting for the community and that his initiatives were not accepted.
It was noteworthy that Caselin said that everyone, including his family, was waiting for help. The ex-manager’s reproaches reflected the process in the company. Caselin said that AAX has stood for something over the years, and now it’s all gone to waste.
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