Alex Dovbnya
One of the largest cryptocurrency might have stopped processing withdrawals, according to on-chain data
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.
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However, the FTT token is down more than 23% over the last 24 hours.
Source: https://u.today/breaking-ftx-allegedly-stops-processing-withdrawals