AXIA Project Update 🧵 1/ A recent announcement was made in the AXIA community channels and via newsletter announcing an important review of the project. As a result of that review, which remains ongoing, all exchanges of AXC V1 Coins have been suspended.

3/ Calderwood has determined that an efficient wind-down is the most viable option to preserve value for stakeholders. Upon the commencement of the formal wind down, all stakeholders will be contacted and provided further details of how to participate in the claims process.

2/ is potential compliance issues related to various applicable legal and regulatory regimes. Having regard to the numerous legal and regulatory risks associated with the Project’s ongoing operations,

1/ AXIA PROJECT APRIL UPDATE 4/6 In the wake of speculation regarding the AXIA project wind down, Calderwood would like to clarify that one of the primary drivers of the decision to wind down the AXIA Project

3/ Further information regarding the wind-down plan will be provided as soon as it is available.

2/ of the AXIA Project and distributing proceeds in accordance with priorities under applicable law. The wind-down plan will be implemented through a court supervised process once the plan is finalized.

AXIA PROJECT MARCH UPDATE 3/14 1/ As a follow-on to the announcement made on March 10th 2023, Calderwood can advise that the wind-down plan is being developed with input from the founders of the AXIA Project, with a view to maximizing and preserving the value of the assets

2/ Additional information will be forthcoming to participants as AXIA moves through the wind down process.

AXIA PROJECT MARCH UPDATE 1/ Calderwood has completed its review of the AXIA Project and has recommended that the AXIA entities begin an orderly wind down. Calderwood is working with its financial advisor, Alvarez & Marsal, on a comprehensive wind-down plan.

2/ Further communication will be forthcoming at that time. We thank you for your continued patience throughout this process.

AXIA JANUARY PROJECT UPDATE 1/ Calderwood has reported that it is nearing the completion of its strategic review of the AXIA Project, which is anticipated to be finalized in the next three to four weeks.

5/ Further updates about the status of the review will be provided as soon as possible. We thank you for your continued patience throughout this process.

4/ While the review is underway, exchanges of AXC V1 Coins remain suspended, as does the issuance of AXIA debit cards, gift cards and weekly burns of AXC Coins. Any existing AXC Coins will remain unaffected (whether held in AXIA Capital Bank accounts or in self-custody wallets).

3/ Casey McDonald and Laura McGrath of Calderwood have been appointed as directors of the AXIA Network Foundation. Further information about Calderwood, Mr. McDonald and Ms. McGrath is available at https://t.co/Y8QnjUGYVj.

2/ Calderwood will develop strategic recommendations and oversee the review process and implementation of next steps.

AXIA PROJECT UPDATE 1/ We are pleased to announce that Calderwood, a fund governance and compliance firm headquartered in the Cayman Islands, has been engaged to provide independent governance services in connection with the previously announced review of the AXIA Project.

4/ Updates on the status of the review will be provided as soon as possible. The AXIA team thanks you for your continued patience throughout this process.

3/ Any existing AXC Coins will remain unaffected (whether held in AXIA Capital Bank accounts or in self-custody wallets). Furthermore, social media postings have been temporarily paused during the review period.

2/ In addition, the issuance of AXIA debit cards and gift cards, as well as the weekly burns of AXC Coins have been suspended pending the completion of the review.

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