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Breaking: FTX Allegedly Stops Processing Withdrawals

8 Nov, 20221 min readOther
Breaking: FTX Allegedly Stops Processing Withdrawals

Cryptocurrency exchange FTX has allegedly stopped processing withdrawals.

Social media users have started complaining about not being able to withdraw their crypto for hours.

This comes amid speculation about FTX's alleged financial troubles that took a toll on cryptocurrency prices earlier today.

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.

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