FTX website comes back online with message advising against deposits
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Financially-troubled crypto exchange FTX has brought its website back online following a period of intermittent downtime — with the trading platform now sporting a banner confirming withdrawals are halted and advising users against depositing.
The FTX
It comes amid an ongoing liquidity crisis being faced by the crypto exchange.
A Nov. 9 report from the Wall Street Journal claims that the exchange is facing a shortfall of $8 billion, and is unable to meet withdrawal demands without emergency funding.
Binance initially signed a non-binding letter of intent to buy out the embattled exchange but pulled out less than 48 hours later, citing the mishandling of customer funds and alleged U.S. agency investigations as the reasons for its change in decision.
Google search results for “FTX website” also saw a large spike over the last few hours following the reports that the FTX website was intermittently going down, according to Google Trends:
