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

Published 11/10/2022, 04:40 PM
Updated 11/10/2022, 07:40 PM
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.” He assured users that FTX US was “100% liquid” and that “Every user could fully withdraw (modulo gas fees etc)”.

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. According to a banner at the top of FTX US’ website, “trading may be halted on FTX US in a few days.” The announcement urged exchange users to “please close down any positions” they may want to close down, while assuring its users that “withdrawals are and will remain open.”

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