AEX Founder Huang Tianwei Released on Bail in Thailand

Huang Tianwei, the founder of the AEX (An Yin) exchange platform, was released on bail in Thailand on July 3rd at 19:00. The bail was posted by his family, marking a significant development in the ongoing saga surrounding the collapsed cryptocurrency exchange. The platform, which has been operational since 2013, has left many of its long-time users in limbo, with only a small fraction having recovered any of their assets. The total amount of user funds involved is substantial, and Huang Tianwei continues to refuse withdrawals, adding to the uncertainty and frustration among users.

Huang Tianwei's arrest occurred on June 12th at the Mae Sai District Police Station in Chiang Rai, Thailand. This arrest came after the platform's collapse on July 14, 2022, when it suddenly disabled withdrawals, citing short-term liquidity issues. The platform's official announcement on July 17, 2022, stated that services would be suspended to fully cooperate with the police investigation. This suspension has left users in a state of uncertainty, with many hoping for a resolution that would allow them to recover their funds.

The release of Huang Tianwei on bail is a critical development in the legal proceedings surrounding the AEX collapse. However, it does not guarantee that users will regain access to their funds anytime soon. The platform's refusal to allow withdrawals and the ongoing legal process suggest that the situation may remain unresolved for some time. The cryptocurrency community, which has a significant number of long-time members, is closely watching these developments, hoping for a positive outcome that would restore trust in the platform and the broader crypto ecosystem.