https://www.coindesk.com/business/2022/11/08/ftx-exchange-halts-all-crypto-withdrawals/
Crypto exchange FTX has halted all non-fiat customer withdrawals, an FTX support employee confirmed in the company's official Telegram group Tuesday afternoon.
"Any transfers besides fiat are halted," wrote the FTX Support employee. The halt highlights the deteriorating condition of the exchange, which was previously still processing withdrawals, albeit at a slower pace.
Many FTX customers in Telegram posted that they had been waiting hours to withdraw their funds.
"It's been a full 11 hours since I've requested my withdrawal," one user wrote.
Just hours earlier, FTX co-founder Sam Bankman-Fried tweeted that FTX had reached a non-binding agreement to be acquired by crypto exchange rival, Binance. Bankman-Fried tweeted that "all assets will be covered 1:1."
"It may take a bit to settle etc. -- we apologize for that," added Bankman-Fried.
It appears customers can still withdraw their assets to fiat, although opting for the fiat option could see the funds take up to five business days for settlement.
Reuters reported FTX saw withdrawals totaling $6 billion in the past several days, citing an internal message to company employees sent by Bankman-Fried.
An FTX employee in the Telegram Support chat told panicked customers: "no eta for now, sorry."
Binance suspends Solana withdrawals to manage increased transaction volume. SOL token sees modest decline despite suspension. Industry-wide challenges highlighted, including recent outages on major exchanges like Coinbase. Binance recognized for cybersecurity efforts amidst challenges.
Xu LinFTX clientele finds itself confronted by a deceptive priority withdrawal scam. These misleading emails purportedly originate from FTX Trading, West Realm Shires Services, and FTX EU.
CatherineDelio is suspending withdrawals on its platform following its exposure to Haru Invest, which previously halted its services.
cryptopotatoThe site will solely provide fiat withdrawals and no other services.
CryptoSlateASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.
Others
Coinlive FTX is facing a liquidity crunch and has halted withdrawals. Binance is to the rescue, but things aren’t so simple.
NellTroubled crypto exchange Zipmex has time to come up with a restructuring plan by Dec. 2 after halting withdrawals in July.
CointelegraphIn addition to suspending user withdrawals, Celsius also moved more than $250 million in funds from Aave to the FTX exchange for reasons that have yet to be clarified.
CointelegraphCrypto CeFi lender Vauld has suspended "all withdrawals, transactions and deposits."
Cointelegraph