Breaking: FTX Allegedly Stops Processing Withdrawals

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. 

However, the FTT token is down more than 23% over the last 24 hours.