Summary:
Struggling crypto exchange FTX appears to be processing withdrawals again, according to publicly available blockchain data. Data from Etherscan – an explorer for analyzing transactions on the Ethereum blockchain – shows that FTX’s public wallet began executing a swath of outbound transactions beginning at 03:39:11 PM UTC on Thursday. This follows an over 48-hour period during which FTX was only taking in deposits. FTX initially admitted to its liquidity troubles shortly after the withdrawal freeze took place on Tuesday. “Withdrawals coming in hot now — lots of folks getting out large sums,” noted Andrew Thurman, head of content at Nansen – a crypto data provider. One address, he noted, has pulled out over million from FTX already. Within an hour since resuming
Topics:
Andrew Throuvalas considers the following as important: AA News, FTX Exchange
This could be interesting, too:
Struggling crypto exchange FTX appears to be processing withdrawals again, according to publicly available blockchain data. Data from Etherscan – an explorer for analyzing transactions on the Ethereum blockchain – shows that FTX’s public wallet began executing a swath of outbound transactions beginning at 03:39:11 PM UTC on Thursday. This follows an over 48-hour period during which FTX was only taking in deposits. FTX initially admitted to its liquidity troubles shortly after the withdrawal freeze took place on Tuesday. “Withdrawals coming in hot now — lots of folks getting out large sums,” noted Andrew Thurman, head of content at Nansen – a crypto data provider. One address, he noted, has pulled out over million from FTX already. Within an hour since resuming
Topics:
Andrew Throuvalas considers the following as important: AA News, FTX Exchange
This could be interesting, too:
Andrew Throuvalas writes Bitcoin Maximalism Will Rise Over Time, Predicts Balaji
Chayanika Deka writes Latin American Fintech Giant Nubank Enables Bitcoin Withdrawals and Deposits: Report
Mandy Williams writes FTX to Auction Off Remaining Solana (SOL) Tokens: Report
Andrew Throuvalas writes Here’s The Exact Top Of The Next Bitcoin Cycle, Power Law Says
Struggling crypto exchange FTX appears to be processing withdrawals again, according to publicly available blockchain data.
- Data from Etherscan – an explorer for analyzing transactions on the Ethereum blockchain – shows that FTX’s public wallet began executing a swath of outbound transactions beginning at 03:39:11 PM UTC on Thursday.
- This follows an over 48-hour period during which FTX was only taking in deposits. FTX initially admitted to its liquidity troubles shortly after the withdrawal freeze took place on Tuesday.
- “Withdrawals coming in hot now — lots of folks getting out large sums,” noted Andrew Thurman, head of content at Nansen – a crypto data provider. One address, he noted, has pulled out over $2 million from FTX already.
- Within an hour since resuming withdrawals, FTX has experienced net outflows of at least $6.7 million. The firm felt over $450 million in withdrawal demand within 24 hours on Monday.
- SBF reportedly told investors on Wednesday that the firm needed an $8 billion bailout to cover its shortfall against withdrawal requests. However, SBF claimed over Twitter on Thursday that FTX has more assets and collateral than client deposits.