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Home Crypto News

Binance: FTX Seems To Stop Clients Requests For Withdrawal

Admin by Admin
November 8, 2022
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Crypto exchange FTX seems to have stopped processing withdrawal requests. The last outgoing transaction from FTX took place at 6:37 a.m. ET on the Ethereum blockchain.

Crypto exchange FTX, which is currently fighting a battle with rival Binance, seems to have stopped processing clients’ requests for withdrawals.

The last outgoing transaction from FTX on the Ethereum blockchain took place at 6:37 a.m. ET, more than two hours ago. It’s a similar story on the Tron and Solana blockchains as well, as on-chain data show. 

After Zhao’s tweets, FTX CEO Sam Bankman-Fried tried to calm the market. He said yesterday that the exchange is “fine,” and called for FTX and Binance to work together for the good of the industry. Alameda CEO Caroline Ellison had offered to buy Binance’s FTT holdings at $22 per token.

FTT is currently trading at around $17.50, according to data from CoinGecko

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