The decentralized trading platform for digital assets has announced on Twitter that it will cease operations. It is not clear how and when this will happen, nor what investors and holders of digital assets on the platforms wallet application will need to do to close their account or return their funds.
Given the negative feedback in Twitter replies from customers, this announcement took everyone by surprise. Nonetheless, with the increased scrutiny from the US Securities and Exchange Commission (SEC) regarding decentralized peer-to-peer exchanges looks to be having an impact on the viability of such exchanges continuing to do business, especially those who accept US residents as customers on their books.
We will monitor to see what steps will be taken to smooth the transition and closing for investors and holders of digital assets with Aphelion, given that the project is registered offshore in Saint Kitts and Nevis.