FTX suspends new signups and withdrawals
November 10, 2022
Troubled crypto exchange FTX has stopped onboarding new customers.
The notice on the website of the crypto exchange reads, “All onboarding of new clients has been suspended until further notice.
The troubled crypto exchange is also not processing withdrawals at the moment, except for TRX
TRX is trading a 300% premium on FTX after Justin Sun revealed they are working with the exchange to solve the problem.
FTX is on brink of insolvency after FTT crashed from around $20 to $2 in a couple of days.
Binance backed off from acquiring FTX after signing a letter of intention to buyout the exchange.
The entire crypto market is in red as the uncertainty around FTX threatens traders.