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Breaking: FTX Allegedly Stops Processing Withdrawals

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Tue, 8/11/2022 - 14:02
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Breaking: FTX Allegedly Stops Processing Withdrawals
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Cryptocurrency exchange FTX has allegedly stopped processing withdrawals. 

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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.    

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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