Bankman-Fried wrote in a message to staff sent on Tuesday morning:
“On an average day, we have tens of millions of dollars of net in/outflows. Things were mostly average until this weekend, a few hours ago. In the last 72 hours, we’ve had roughly $6 billion of net withdrawals from FTX.”
He said that withdrawals at FTX.com are “effectively paused” and that the issue would be fixed in “the near future.”
Binance has come to the decision to acquire SBF’s exchange in the name of helping cover a liquidity crunch, Coincu previously reported. The event had a big impact on the cryptocurrency market when the price of Bitcoin and altcoins dropped sharply. Especially FTT, the decrease recorded is more than 70% at the time of writing
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Ramat Gan, Israel, 14th November 2024, Chainwire
Amidst the heavyweights like Binance (BNB) and resilient competitors like Cardano (ADA), Qubetics ($TICS) is…
Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…
Pennsylvania proposes a Bitcoin Reserve, aiming to hold BTC as a state reserve asset to…
Let’s dive into why Qubetics might just be the investment to settle those Avalanche regrets.
Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…
This website uses cookies.