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> They stopped processing withdrawals If you look at the comments on https://news.ycombinator.com/item?id=33518961 https://news.ycombinator.com/item?id=3351896
by 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