FTX Re-Open Withdrawals? Users Report Successful Transactions

Per a report from TheBlock, crypto exchange FTX halted withdrawals from its platform. The report uses Etherscan data to support its claim. The Sam Bankman-Fried led exchange is currently battling with its competitor Binance.  Related Reading: Crypto Will Eventually Enjoy Mass Adoption, Mastercard CEO Says According to the report, the crypto exchange stopped processing withdrawals […]

As expected, Tokyo-based Mt. Gox delivered a new update on the status of withdrawals Monday morning, and the news could be considered both good and bad. The good news. Gox has stated (even with their last announcement on Saturday) that they've implemented a solution that will prevent abuse of their system: Thanks to our friends at Blockchain.info, MtGox now has a workaround that will use a unique identifier created by Blockchain to show whether transactions have been modified or not. This will prevent any fraudulent use of the malleability issue and protect the assets of our customers. The....

Gox's troubles have instilled very little confidence from the Bitcoin community. MtGox has taken the first steps toward resuming normal operations today, as bitcoin withdrawals have slowly been resumed following last weeks "malleable transactions" public-relations fiasco. Early Saturday, MtGox announced scheduled maintenance with the intention of reinstating withdrawals. Following the maintenance was a 24 hour observation period to monitor MtGox's systems as a whole. It appears for now that this fix was successful. Additionally, we are anticipating MtGox to be subjected to a very large....

According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com were “effectively paused.” Report Claims FTX CEO Said Exchange Saw $6 Billion in Withdrawals in 72 Hours, Crypto Markets Plummet Following the Acquisition News It’s been a crazy day in the world of crypto as Binance, the largest exchange in terms of digital currency....

The Singapore-based cryptocurrency exchange Zipmex is the most recent in a line of crypto businesses to halt user withdrawals and transactions “until further notice.” Zipmex Halts Customer Withdrawals In light of the unstable market conditions, the cryptocurrency exchange Zipmex on Wednesday suspended users from withdrawing their cryptocurrencies. The exchange announced the decision on Twitter on […]