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Now it is clear that he was lying. They stopped processing withdrawals according to on chain data.[0] [0]: https://www.theblock.co/post/184176/ftx-appears-to-
by max_ 4y ago
Now it is clear that he was lying.
They stopped processing withdrawals according to on chain data.[0]
[0]: https://www.theblock.co/post/184176/ftx-appears-to-have-stopped-processing-withdrawals-on-chain-data-show https://www.theblock.co/post/184176/ftx-appears-to-have-stop...
- jefftk 4y ago> They stopped processing withdrawals If you look at the comments on https://news.ycombinator.com/item?id=33518961 https://news.ycombinator.com/item?id=33518961 that article missed that FTX uses multiple addresses for withdrawals.
- max_ 4y agoHe admits they were illiquid and needed Binance to cover withdrawals 1:1. >Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc. [0]: https://twitter.com/SBF_FTX/status/1590012124864348160 https://twitter.com/SBF_FTX/status/1590012124864348160
- jefftk 4y agoSorry, edited my comment to quote the section of yours I was trying to reply to
- skippyboxedhero 4y agoThey have one BTC. Form an orderly queue to receive your portion. https://www.coindesk.com/business/2022/11/08/ftxs-bitcoin-balance-plunges-to-just-one/ https://www.coindesk.com/business/2022/11/08/ftxs-bitcoin-ba...