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Following an announcement made 24 hours ago that FTX US may halt trading on its platform, on-chain data reveals that the platform paused withdrawals from the United States-based platform on Nov. 11.The original announcement on Nov. 10 cautioned users to “please close down any positions” while maintaining that its users
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After FTX International’s parent firm West Realm Shires Services filed for Chapter 11 bankruptcy protection in Delaware, users noticed that FTX US was included in the bankruptcy filings. On the U.S. exchange’s website, the firm notes that “trading may be halted on FTX US in a few days,” but the
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Japan's FSA ordered FTX Japan to enter "close-only" mode on Thursday, meaning users should be able to wind up existing positions, but not initiate new ones. In the order, the regulator noted that the exchange had halted withdrawals without specifying a date for reinstatement and that it continued to enlist
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Crypto Lender BlockFi said it could not conduct business as normal and would be limiting activity in the wake of FTX's collapse. Source
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According to data from Etherscan on Nov. 10, troubled cryptocurrency exchange FTX appears to have resumed withdrawals. The exchange's hot wallet address, which has remained inactive after FTX announced on Nov. 8 it would be halting all user withdrawals, has resumed activities as of 3:50 pm UTC. Blockchain data shows
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Troubled crypto exchange FTX has reopened withdrawals, according to on-chain data provided by Nansen. Source
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Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish "audited proof of reserves," amid the downfall of rival exchange FTX. "We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," said Marszalek, adding that his company "will
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As the crisis at Sam Bankman-Fried's formerly trusted exchange continues, everything hinges on one key question: Where's the money? Source
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Customers' crypto withdrawals that were previously backlogged have been halted altogether, according to announcements from the official FTX Support Telegram group. Source
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