FTX Experienced Access Troubles After US Inflation Data Released: Statement from CEO

Many users reported that they had trouble accessing the cryptocurrency exchange FTX during the price volatility in the cryptocurrency market after the release of US inflation data today.

Today at 15.30 Turkey time US inflation data was announced, and large price movements were seen in both traditional markets and cryptocurrencies. Bitcoin’s price from $22,700 $21,400 While performing a rapid decline, users experienced serious problems in accessing the interface of the FTX exchange during the price volatility.

FTX CEO of a Twitter user Sam Bankman-Friedby tagging “FTX crashed again? Time to switch to a new browser.CEO after sharing twitter made the following comments:

I am sorry for this. FTX didn’t actually crash but the website activated auto-refresh which was quite frustrating for many people and made instant fixes for it.

According to cryptocurrency analysis platform CoinGlass, the cryptocurrency futures market is volatile. $110 million in one hour was liquidated. of this amount 20 million dollars it took place on the FTX exchange, which was experiencing access problems at the time.


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