• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
FTX has restricted the ability to register and withdraw funds from the platform

FTX has restricted the ability to register and withdraw funds from the platform

user avatar

by dapp_writer005

3 years ago


Recently, many rumors have been around the FTX exchange, in particular about a possible bankruptcy. It all started with the conflict between FTX and Binance, which broke out on November 6th.

Against this background, the exchange team decided to temporarily disable the withdrawal of funds. During the day on November 9, the site was switched off several times. On the night of November 10, a red banner appeared on the FTX website at the top with information that the site could not process withdrawals and users should refrain from making deposits. It was also impossible to create a new account. 

Analysts at Reuters have recorded that about $6 billion worth of assets were withdrawn from FTX on November 6-8. To make up for these losses, the head of the exchange, Sam Bankman-Fried, plans to raise $8 billion in funding.

It is possible that Sam Bankman-Fried will urgently sell shares, take out a loan and some personal funds in order to prevent the final crisis of FTX.

Earlier, Changpeng Zhao commented on the FTX situation. 

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bhutan Moves Over $12 Million in Bitcoin to Binance Amid Bullish Market

chest

Bhutan transferred 99.47 BTC to Binance as part of its crypto activities, totaling 650 BTC moved in two weeks.

user avatarGiorgi Kostiuk

Bank of England Governor Issues Warning on Stablecoins and Financial Stability

chest

Bank of England Governor Andrew Bailey warns of potential risks associated with stablecoins for global financial stability.

user avatarGiorgi Kostiuk

Click Holdings Limited to Utilize Bitcoin and Solana for Crypto Treasury Initiative

chest

Click Holdings Limited plans to create a $100 million treasury in Bitcoin and Solana, aiming for innovation and growth.

user avatarGiorgi Kostiuk

India's Cryptocurrency Growth: Path to Financial Inclusion and Regulatory Hurdles

chest

India leads in cryptocurrency adoption, opening new pathways for financial inclusion while facing regulatory challenges.

user avatarGiorgi Kostiuk

US Banks Authorized to Offer Custody Services for Bitcoin and Crypto Assets

chest

US federal regulators have formally permitted banks to provide custody services for Bitcoin and crypto assets under current laws.

user avatarGiorgi Kostiuk

PUMP Token Completes $500M Sale, Trading Starts After Distribution

chest

PUMP token from Pump.fun successfully completed a $500 million sale. Trading is expected to start soon, fueling market activity.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.