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FTX Halts Withdrawals, Website Experiences Widespread Outages

Katie Lin

Summary: Troubled crypto exchange FTX posted a warning on its website Wednesday saying it is halting withdrawals. “FTX is currently unable to process withdrawals. We strongly advise against depositing,” the message read. FTX’s warning came after an outage on the website Wednesday. The website returned to normal several minutes after but went back out soon again. ...

Troubled crypto exchange FTX posted a warning on its website Wednesday saying it is halting withdrawals.

“FTX is currently unable to process withdrawals. We strongly advise against depositing,” the message read.

FTX’s warning came after an outage on the website Wednesday. The website returned to normal several minutes after but went back out soon again.

While FTX US’ website is currently functioning fine, many websites associated with the exchange have suffered, including FTX Ventures, which went down on Wednesday, and Alameda Research, which the company made private.

Author: Katie Lin

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