• Tue. Dec 6th, 2022

FTX’s U.S. website says trading ‘may be halted’ in a few days but withdrawals still available

BySwanzi010

Nov 10, 2022

FTX’s U.S. website says trading “may be halted” in a few days after the parent company spiraled toward collapse this week from a liquidity crisis.

“Please close down any positions you want to close down,” FTX U.S. said in an announcement on its site on Thursday. “Withdrawals are and will remain open. We will give updates as we have them.”

The company doesn’t appear to have made an official statement.

FTX U.S., a very small unit of FTX, says that it is a U.S.-regulated exchange. Sam Bankman-Fried’s FTX crypto exchange has spent the week seeking a bailout with the mounting of customer-withdrawal demands.

While Bankman-Fried has run FTX from the Bahamas, the U.S. business has a management team that’s at least partly separate. Brett Harrison had been the president, but he announced his resignation in September, when the company appeared to be in the midst of a massive expansion effort. The website says Zach Dexter is CEO of FTX US Derivatives.

WATCH: FTX under Texas probe

Source : Sky.com

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