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    QONEQT in "FTX Token "

    11-Nov-2022 06:48 AM


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    FTX US announces it may halt trading on its platform in a few days

    In a long apology, the CEO of FTX, Sam Bankman-Fried — popularly known as “SBF” — assured the crypto community that the recent turn of events was only going to affect FTX international.
    According to him, “FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.”
    19) A few other assorted comments: This was about FTX International.
    Every user could fully withdraw (modulo gas fees etc).
    SBF (@SBF_FTX) November 10, 2022 However, many are beginning to question the validity of his statement, as a recent announcement on FTX US’ website is beginning to raise eyebrows for users.
    CZ’s announcement effectively initiated a bank run whereby FTX’s users attempted to withdraw funds only to discover that the exchange didn’t have enough liquidity on hand to meet the demand.

    Source - Coin Telegraph

    #Blockchain #Business #Trading #FTX