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Breaking: FTX Allegedly Stops Processing Withdrawals

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Tue, 8/11/2022 - 14:02
Breaking: FTX Allegedly Stops Processing Withdrawals
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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.    

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