FTX Allegedly Stops Processing Withdrawals

Cryptocurrency exchange FTX has allegedly stopped processing withdrawals. 

Earlier today, social media users started complaining about not being able to withdraw their crypto for a couple of hours.  

This came amid speculation about FTX’s alleged financial troubles that took a toll on cryptocurrency prices this Tuesday. 

On Monday, FTX CEO Sam Bankman-Fried tweeted that his crypto empire was “fine” in an attempt to calm the market. 

However, the FTT token is down more than 23% over the last 24 hours.    

Sourced from u.today.

Written by Alex Dovbnya on 2031-10-21 09:38:07.

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