Huang Tianwei Released on Bail Amid AEX Crisis Standoff

Huang Tianwei, founder of the collapsed trading platform AEX, was granted bail in Thailand on July 3, 2025. He remains unresponsive to user withdrawal requests. The release on bail comes amid ongoing restrictions on user fund withdrawals, prompting market distrust and uncertainty.

Market and Legal Implications for AEX Users

Huang Tianwei’s bail follows his arrest

in relation to fraud accusations involving $5 million in cryptocurrency. The AEX platform, famous among early cryptocurrency adopters, 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.

Market trust has been affected strongly. 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:

The ongoing fund freeze creates distrust

Did you know? The AEX platform was once a major player in the cryptocurrency market, attracting numerous early adopters before its collapse.

The cryptocurrency market has seen a significant decline in trust, with trading volumes dropping as users remain wary of exchanges.

Experts suggest that the situation with AEX could lead to stricter regulations across the cryptocurrency industry to protect users.