FTX web site comes back on-line with message advising against deposits

By Clark

Neither FTX business executive SAM Bankman-Fried nor any FTX official has provided its users with clarity on why FTX’s web site was taken down.

Financially-troubled crypto exchange FTX has brought its web site back on-line following a amount of intermittent time period — with the commerce platform currently sporting a banner confirming withdrawals ar halted and advising users against depositing.

The FTX web site came on-line at about 9:00 pm UT on Nov. 9, when encountering 5 separate periods of network time period spanning over 2 hours, per the “IS IT DOWN or simply ME” web site.

The crypto community on Twitter has additionally detected a replacement bright red banner that may be seen throughout the web site that reads:

“FTX is presently unable to method withdrawals. we tend to powerfully advise against depositing.”

A fastened message on the official FTX wire cluster on Nov. eight additionally confirmed the halting of withdrawals, with none estimates concerning once they would come back.

“We ar expecting confirmation from our team to ramp it up. immediately we tend to dont have associate ETA however for sure can communicate it as before long as we’ve it,” a member of FTX support employees wrote within the message.

Attempting to sign on for a replacement account on the web site additionally comes with associate alert that “signups ar paused” at this current time, Cointelegraph has discovered.

This suggests that deposits, whereas “strongly suggested against,” ar solely accessible to those that have existing accounts on the commerce platform.

Meanwhile, 2 websites connected to the crypto exchange as well as Alameda analysis and FTX Ventures take the count at the time of writing.

It comes amid associate in progress credit crunch being featured by the crypto exchange.

A Nov. nine report from the Wall Street Journal claims that the exchange is facing a shortage of $8 billion and is unable to satisfy withdrawal demands while not emergency funding.

Binance at first signed a non-binding letter of intent to shop for out the embattled exchange however force out but forty eight hours later, citing the mishandling of client funds and alleged us agency investigations because the reasons for its amendment in call.

Google search results for “FTX web site” additionally saw an oversized spike over the previous couple of hours following the reports that the FTX website was intermittently taking place, per Google Trends:


Head of the technology.

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