AEX Founder Released On Bail But Users Funds Remain Frozen

Huang Tianwei, the founder of the defunct cryptocurrency trading platform AEX, was granted bail in Thailand on July 3, 2025. Despite his release, the ongoing restrictions on user fund withdrawals have left many users in limbo, intensifying market distrust and uncertainty. Huang Tianwei’s bail follows his arrest in relation to fraud accusations involving $5 million in cryptocurrency. The AEX platform, once a major player in the cryptocurrency market, has been static since halting operations in 2022. Despite being released, Huang continues to deny withdrawal requests to users eager to access their funds. As Huang Tianwei himself has admitted, "Currently, Huang Tianwei's approach remains to refuse any users' requests to recover funds."

The lack of action regarding user withdrawals has intensified concerns. Previous collapses, including Mt. Gox, saw similar patterns where creditors struggled for compensation. The ongoing fund freeze creates distrust in the cryptocurrency market, with trading volumes dropping as users remain wary of exchanges. The cryptocurrency market has seen a significant decline in trust, with trading volumes dropping as users remain wary of exchanges. Prominent voices from crypto communities have stayed silent on the case, but expressions of disappointment have been noted on social media platforms by various users. No official statements have emerged from Huang on public forums like Twitter or Medium. Meanwhile, some users reported success in recovery efforts, like AEX user Wu Jun who stated, "I managed to recover the assets deposited in the exchange," which was shared on Twitter.

Experts suggest that the situation with AEX could lead to stricter regulations across the cryptocurrency industry to protect users. The bail of Huang Tianwei has not resolved withdrawal issues for AEX users. The ongoing fund freeze creates distrust in the cryptocurrency market. Previous events like the Mt. Gox collapse show a challenging pattern for creditor compensation. The cryptocurrency market has seen a significant decline in trust, with trading volumes dropping as users remain wary of exchanges. The AEX platform was once a major player in the cryptocurrency market, attracting numerous early adopters before its collapse. The lack of action regarding user withdrawals has intensified concerns. Previous collapses, including Mt. Gox, saw similar patterns where creditors struggled for compensation. The ongoing fund freeze creates distrust in the cryptocurrency market, with trading volumes dropping as users remain wary of exchanges. The cryptocurrency market has seen a significant decline in trust, with trading volumes dropping as users remain wary of exchanges. Prominent voices from crypto communities have stayed silent on the case, but expressions of disappointment have been noted on social media platforms by various users. No official statements have emerged from Huang on public forums like Twitter or Medium. Meanwhile, some users reported success in recovery efforts, like AEX user Wu Jun who stated, "I managed to recover the assets deposited in the exchange," which was shared on Twitter.