The Beaxy exchange has an abnormally high XRP volume, and has stopped trading activities and withdrawal services.

On Monday, XRP saw a sharp sell-off on the cryptocurrency exchange Beaxy, resulting in a 62% lower price on the Beaxy than on other exchanges. Due to this “unusually high volume activity”, Beaxy quickly stopped all trading activities on its platform when investigating the situation. Prior to the suspension of the transaction, XRP traded at $0.00001 in Beaxy and $0.00002637 in the currency. Since the exchange has stopped all trading activities, XRP holders cannot now withdraw from their accounts.
According to reports, Beaxy CEO Artak Hamazaspyan uploaded a statement in May saying that the exchange was hacked on May 22, but no KYC data was damaged, no code was destroyed, and no funds were stolen. .