Stopped FTX Processes! What Will Those Who Have Coins Do?

Amid the fiasco with Alameda Research, the company-contacted crypto exchange FTX suspended its processes.

FTX has stopped withdrawal processes

According to on-chain data, cryptocurrency exchange FTX suspended its processes in the past hours. Withdrawals across the entire Blockchain were down for about 2 hours. The incident comes after Binance’s decision to sell FTT for $2.1 million amid news that Alameda Research will go bankrupt.

FTX reactivated its network after suspending processes for about 2 hours. In the hours when the news reverberated on the social media, the price of FTT fell by more than 30% in the last 24 hours, moving towards $ 15 accurately.