Facing bankruptcy, FTX.US via ERC-20 tokens according to blockchain data cryptocurrency It seems to have stopped the withdrawals.
At the time of this writing, the wallet address associated with FTX.US had not processed any outgoing transactions for over an hour.
FTX.US Said Withdrawals Will Always Be Open
That said, the exchange’s website currently states, “Trading on FTX.US may be halted in a few days. Please close the positions you want to close. Withdrawals are open and will remain open.” Even though there was a warning, it happened.
However, trades are still open on the platform.
Subject to US law, FTX.US was largely presented as the company’s most stringent branch of holding customer deposits.
Former CEO Sam Bankman-Fried tweeted three days ago that withdrawals on the exchange are “seamless and lively, fully 1:1 supported and functioning normally.”
The stock market filed for bankruptcy earlier today, despite Bankman-Fried’s assurances yesterday that he was trying to bail out the company. The blocking of US client funds would be even worse news for a company in rapid decline, and what’s more, it could be added to the list of crimes that have drawn the ire of US regulators.
However, on the FTX Global side, crypto money withdrawals have not been made for a while. The CEO of the cryptocurrency exchange said that he was very sorry in his statements today and claimed that the bankruptcy decision was not the end of the company.
*Not investment advice.
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