AAX Crypto Exchange Nigeria Consolidates Angry Users From the Nigeria.
While the Dec. 2 report 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’s workers.
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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.
The advocacy group also revealed that the Hong-Kong headquartered crypto exchange’s senior executives had stopped communicating with their Nigeria-based workers.
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’s trust.
“If protecting users is AAX’s 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,” SIBAN’s public notice said.
In its last update (Nov. 18), AAX told users that there had been “many new developments” which meant it required “more time to respond to the overwhelming amount of questions in the community.” At the time, AAX said it would issue more updates via the official channel for public announcements and updates.
The sudden resignation of the crypto platform’s vice president Ben Caselin and his claims that the “brand is no more and trust is broken” have fueled speculation that the crypto exchange might not resume operations any time soon.