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FTX's Bitcoin Balance Plummets Following Mass Withdrawals

Tris Bell

Summary: A large number of investors have withdrawn bitcoins from FTX amid concerns about the conditions of the exchange. FTX’s balance has plummeted to one from 20,000 in less than 24 hours. Total bitcoin balances across all exchanges is at just over two million, according to data from Coinglass. The largest holders are Coinbase Pro and ...

A large number of investors have withdrawn bitcoins from FTX amid concerns about the conditions of the exchange. FTX’s balance has plummeted to one from 20,000 in less than 24 hours.

Total bitcoin balances across all exchanges is at just over two million, according to data from Coinglass. The largest holders are Coinbase Pro and Binance, each with more than 500,000 coins.

Author: Tris Bell

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