Trading “may be halted” in a few days, according to the FTX US website, after the parent company this week experienced a liquidity crisis that sent it into a tailspin.

FTX US exchange suddenly announced a notice calling for users to close orders because they may have to stop trading but still support withdrawals.

FTX CEO Sam Bankman-Fried previously stated that FTX US is independent of FTX and still has enough money to operate.

Sam Bankman-Fried’s FTX has spent the week seeking a bailout with the mounting of customer-withdrawal demands. Sources from Reuters reported that SBF is in discussions with Justin Sun to raise capital.

Currently, FTX only opens withdrawals in the Bahamas because of pressure from the authorities, however, FTX Japan is in Close-only status.

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.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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FTX US May Be Halted In The Coming Days

Trading “may be halted” in a few days, according to the FTX US website, after the parent company this week experienced a liquidity crisis that sent it into a tailspin.

FTX US exchange suddenly announced a notice calling for users to close orders because they may have to stop trading but still support withdrawals.

Sigh. @SBF_FTX, as a long-time customer, I want this to work out. https://t.co/XYGTc0KMSu pic.twitter.com/8W9jT3457m

— markschwarz (@markschwarz) November 10, 2022

FTX CEO Sam Bankman-Fried previously stated that FTX US is independent of FTX and still has enough money to operate.

19) A few other assorted comments:

This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.

It's 100% liquid. Every user could fully withdraw (modulo gas fees etc).

Updates on its future coming.

— SBF (@SBF_FTX) November 10, 2022

Sam Bankman-Fried’s FTX has spent the week seeking a bailout with the mounting of customer-withdrawal demands. Sources from Reuters reported that SBF is in discussions with Justin Sun to raise capital.

Currently, FTX only opens withdrawals in the Bahamas because of pressure from the authorities, however, FTX Japan is in Close-only status.

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

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