diff --git a/CryptoExchange.Net.UnitTests/AsyncResetEventTests.cs b/CryptoExchange.Net.UnitTests/AsyncResetEventTests.cs
index 78bab0f..8fb13bc 100644
--- a/CryptoExchange.Net.UnitTests/AsyncResetEventTests.cs
+++ b/CryptoExchange.Net.UnitTests/AsyncResetEventTests.cs
@@ -4,6 +4,7 @@ using NUnit.Framework.Legacy;
 using System;
 using System.Collections.Generic;
 using System.Linq;
+using System.Threading;
 using System.Threading.Tasks;
 
 namespace CryptoExchange.Net.UnitTests
@@ -139,5 +140,17 @@ namespace CryptoExchange.Net.UnitTests
 
             ClassicAssert.False(result1);
         }
+
+        [Test]
+        public async Task CancellingWait_Should_ReturnFalse()
+        {
+            var evnt = new AsyncResetEvent(false, true);
+
+            var waiter1 = evnt.WaitAsync(ct: new CancellationTokenSource(50).Token);
+
+            var result1 = await waiter1;
+
+            ClassicAssert.False(result1);
+        }
     }
 }
diff --git a/CryptoExchange.Net/Objects/AsyncAutoResetEvent.cs b/CryptoExchange.Net/Objects/AsyncAutoResetEvent.cs
deleted file mode 100644
index e34a1a2..0000000
--- a/CryptoExchange.Net/Objects/AsyncAutoResetEvent.cs
+++ /dev/null
@@ -1,129 +0,0 @@
-using System;
-using System.Collections.Generic;
-using System.Linq;
-using System.Threading;
-using System.Threading.Tasks;
-
-namespace CryptoExchange.Net.Objects
-{
-    /// <summary>
-    /// Async auto reset based on Stephen Toub`s implementation
-    /// https://devblogs.microsoft.com/pfxteam/building-async-coordination-primitives-part-2-asyncautoresetevent/
-    /// </summary>
-    public class AsyncResetEvent : IDisposable
-    {
-        private static readonly Task<bool> _completed = Task.FromResult(true);
-        private Queue<TaskCompletionSource<bool>> _waits = new Queue<TaskCompletionSource<bool>>();
-#if NET9_0_OR_GREATER
-        private readonly Lock _waitsLock = new Lock();
-#else
-        private readonly object _waitsLock = new object();
-#endif
-        private bool _signaled;
-        private readonly bool _reset;
-
-        /// <summary>
-        /// New AsyncResetEvent
-        /// </summary>
-        /// <param name="initialState"></param>
-        /// <param name="reset"></param>
-        public AsyncResetEvent(bool initialState = false, bool reset = true)
-        {
-            _signaled = initialState;
-            _reset = reset;
-        }
-
-        /// <summary>
-        /// Wait for the AutoResetEvent to be set
-        /// </summary>
-        /// <returns></returns>
-        public async Task<bool> WaitAsync(TimeSpan? timeout = null, CancellationToken ct = default)
-        {
-            CancellationTokenRegistration registration = default;
-            try
-            {
-                Task<bool> waiter = _completed;
-                lock (_waitsLock)
-                {
-                    if (_signaled)
-                    {
-                        if (_reset)
-                            _signaled = false;
-                    }
-                    else if (!ct.IsCancellationRequested)
-                    {
-                        var tcs = new TaskCompletionSource<bool>(TaskCreationOptions.RunContinuationsAsynchronously);
-                        if (timeout.HasValue)
-                        {
-                            var timeoutSource = new CancellationTokenSource(timeout.Value);
-                            var cancellationSource = CancellationTokenSource.CreateLinkedTokenSource(timeoutSource.Token, ct);
-                            ct = cancellationSource.Token;
-                        }
-
-                        registration = ct.Register(() =>
-                        {
-                            lock (_waitsLock)
-                            {
-                                tcs.TrySetResult(false);
-
-                                // Not the cleanest but it works
-                                _waits = new Queue<TaskCompletionSource<bool>>(_waits.Where(i => i != tcs));
-                            }
-                        }, useSynchronizationContext: false);
-
-
-                        _waits.Enqueue(tcs);
-                        waiter = tcs.Task;
-                    }
-                }
-
-                return await waiter.ConfigureAwait(false);
-            }
-            finally
-            {
-                registration.Dispose();
-            }
-        }
-
-        /// <summary>
-        /// Signal a waiter
-        /// </summary>
-        public void Set()
-        {
-            lock (_waitsLock)
-            {
-                if (!_reset)
-                {
-                    // Act as ManualResetEvent. Once set keep it signaled and signal everyone who is waiting
-                    _signaled = true;
-                    while (_waits.Count > 0)
-                    {
-                        var toRelease = _waits.Dequeue();
-                        toRelease.TrySetResult(true);
-                    }
-                }
-                else
-                {
-                    // Act as AutoResetEvent. When set signal 1 waiter
-                    if (_waits.Count > 0)
-                    {
-                        var toRelease = _waits.Dequeue();
-                        toRelease.TrySetResult(true);
-                    }
-                    else if (!_signaled)
-                    {
-                        _signaled = true;
-                    }
-                }
-            }
-        }
-
-        /// <summary>
-        /// Dispose
-        /// </summary>
-        public void Dispose()
-        {
-            _waits.Clear();
-        }
-    }
-}
diff --git a/CryptoExchange.Net/Objects/AsyncResetEvent.cs b/CryptoExchange.Net/Objects/AsyncResetEvent.cs
new file mode 100644
index 0000000..7d0b70b
--- /dev/null
+++ b/CryptoExchange.Net/Objects/AsyncResetEvent.cs
@@ -0,0 +1,129 @@
+using System;
+using System.Collections.Generic;
+using System.Threading;
+using System.Threading.Tasks;
+
+namespace CryptoExchange.Net.Objects
+{
+    /// <summary>
+    /// Async auto/manual reset event implementation
+    /// </summary>
+    public class AsyncResetEvent
+    {
+        private readonly Queue<TaskCompletionSource<bool>> _waiters = new();
+        private readonly bool _autoReset;
+        private bool _signaled;
+#if NET9_0_OR_GREATER
+        private readonly Lock _waitersLock = new Lock();
+#else
+        private readonly object _waitersLock = new object();
+#endif
+
+        /// <summary>
+        /// ctor
+        /// </summary>
+        public AsyncResetEvent(bool initialState = false, bool autoReset = true)
+        {
+            _signaled = initialState;
+            _autoReset = autoReset;
+        }
+
+        /// <summary>
+        /// Wait for the set event
+        /// </summary>
+        /// <returns></returns>
+        public async Task<bool> WaitAsync(
+            TimeSpan? timeout = null,
+            CancellationToken ct = default)
+        {
+            TaskCompletionSource<bool> tcs;
+
+            lock (_waitersLock)
+            {
+                if (_signaled)
+                {
+                    // Already was signaled, can return immediately
+                    if (_autoReset)
+                        _signaled = false;
+
+                    return true;
+                }
+
+                tcs = new TaskCompletionSource<bool>(TaskCreationOptions.RunContinuationsAsynchronously);
+                _waiters.Enqueue(tcs);
+            }
+
+            if (timeout.HasValue || ct.CanBeCanceled)
+            {
+                // Wait for either timeout, cancellation token or set result
+                var delayTask = Task.Delay(timeout ?? Timeout.InfiniteTimeSpan, ct);
+                var completedTask = await Task.WhenAny(tcs.Task, delayTask).ConfigureAwait(false);
+
+                if (completedTask != tcs.Task)
+                {
+                    // This was a timeout or cancellation, need to remove tcs from waiters
+                    // if the tcs was set instead it will be removed in the Set method
+
+                    if (tcs.TrySetResult(false))
+                    {
+                        lock (_waitersLock)
+                        {
+                            // Dequeue and put in the back of the queue again except for the one we need to remove
+                            int count = _waiters.Count;
+                            for (int i = 0; i < count; i++)
+                            {
+                                var w = _waiters.Dequeue();
+                                if (w != tcs)
+                                    _waiters.Enqueue(w);
+                            }
+                        }
+                    }
+
+                    return false;
+                }
+            }
+            else
+            {
+                await tcs.Task.ConfigureAwait(false);
+            }
+
+            return true;
+        }
+
+        /// <summary>
+        /// Signal a waiter
+        /// </summary>
+        public void Set()
+        {
+            lock (_waitersLock)
+            {
+                if (_autoReset)
+                {
+                    while (_waiters.Count > 0)
+                    {
+                        // Try to dequeue and set the result
+                        // If result setting was not successful it means timeout/cancellation happened at the same time
+                        // If this is the case this Set isn't the one setting the result and we need to continue
+                        var w = _waiters.Dequeue();
+                        if (w.TrySetResult(true))
+                            return;
+                    }
+
+                    // No queued waiters, set signaled for next waiter
+                    _signaled = true;
+                }
+                else
+                {
+                    _signaled = true;
+
+                    // Signal all current waiters
+                    while (_waiters.Count > 0)
+                    {
+                        var w = _waiters.Dequeue();
+                        w.TrySetResult(true);
+                    }
+                }
+            }
+        }
+    }
+}
diff --git a/CryptoExchange.Net/Sockets/Default/CryptoExchangeWebSocketClient.cs b/CryptoExchange.Net/Sockets/Default/CryptoExchangeWebSocketClient.cs
index b8713c7..c0de716 100644
--- a/CryptoExchange.Net/Sockets/Default/CryptoExchangeWebSocketClient.cs
+++ b/CryptoExchange.Net/Sockets/Default/CryptoExchangeWebSocketClient.cs
@@ -486,7 +486,6 @@ namespace CryptoExchange.Net.Sockets.Default
             _disposed = true;
             _socket.Dispose();
             _ctsSource?.Dispose();
-            _sendEvent.Dispose();
             _logger.SocketDisposed(Id);
         }
 
diff --git a/CryptoExchange.Net/Sockets/Default/SocketConnection.cs b/CryptoExchange.Net/Sockets/Default/SocketConnection.cs
index 5255762..1f67f89 100644
--- a/CryptoExchange.Net/Sockets/Default/SocketConnection.cs
+++ b/CryptoExchange.Net/Sockets/Default/SocketConnection.cs
@@ -792,7 +792,6 @@ namespace CryptoExchange.Net.Sockets.Default
         {
             Status = SocketStatus.Disposed;
             periodicEvent?.Set();
-            periodicEvent?.Dispose();
             _socket.Dispose();
         }
 
diff --git a/CryptoExchange.Net/Sockets/HighPerf/HighPerfSocketConnection.cs b/CryptoExchange.Net/Sockets/HighPerf/HighPerfSocketConnection.cs
index c452670..af1644d 100644
--- a/CryptoExchange.Net/Sockets/HighPerf/HighPerfSocketConnection.cs
+++ b/CryptoExchange.Net/Sockets/HighPerf/HighPerfSocketConnection.cs
@@ -233,7 +233,6 @@ namespace CryptoExchange.Net.Sockets.HighPerf
         {
             Status = SocketStatus.Disposed;
             periodicEvent?.Set();
-            periodicEvent?.Dispose();
             _socket.Dispose();
         }