Crypto

Is withdrawal possible again on FTX? – Coins.fr

Clients of the struggling FTX platform appear to be successfully withdrawing cryptocurrencies. On-chain data shows that the exchange is currently processing withdrawals.

While FTX has recently suspended withdrawals on its service, several exchange users have reportedly successfully withdrawn funds from the platform.

Alex Svanevik, director of blockchain analytics startup Nansen, said he found wallets that received funds from FTX.com in the past hour.

And intranet data shows a lot of outgoing transactions from the exchange founded by Sam Bankman Freed since about 17:00 (French time). However, the volume seems pretty low given the situation. On social networks, some customers claim that they cannot withdraw money.

FTX has not made any official announcements about this. The banner on his website still says withdrawals are on hold until further notice.

Update (11.10.2022, 19:49):

On Twitter, FTX just announced that it has reached an agreement with Tron to “create a dedicated mechanism” to allow holders of TRX, BTT, JST, SUN, and HT to withdraw assets to external wallets. The feature must be activated at 18:30 UTC (19:30 French time) on November 10th. The withdrawal Nansen reported earlier today included other tokens such as ether.

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