{"id":12233,"date":"2022-11-07T04:43:31","date_gmt":"2022-11-07T04:43:31","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/07\/ftx-chief-sbf-said-that-all-withdrawals-on-the-platform-are-fine\/"},"modified":"2022-11-07T04:43:31","modified_gmt":"2022-11-07T04:43:31","slug":"ftx-chief-sbf-said-that-all-withdrawals-on-the-platform-are-fine","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/07\/ftx-chief-sbf-said-that-all-withdrawals-on-the-platform-are-fine\/","title":{"rendered":"FTX Chief SBF said That All Withdrawals on the Platform Are Fine"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/amid-all-the-chaos-ftx-chief-assures-withdrawals-are-working-fine\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>On Sunday, November 6, Binance chief Changpeng Zhao <a href=\"https:\/\/coingape.com\/breaking-binance-to-dump-ftx-ftt-token-holdings\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> that the alternate can be dumping all FTX tokens (FTT). Binance took an exit from FTX fairness final 12 months because of which it obtained $2.1 billion in money.<\/p>\n<p>Soon after CZ made the announcement, the FTX token value got here beneath extreme stress. As of press time, FTT is buying and selling 6% down at a value of $22. The native cryptocurrency of the FTX alternate has misplaced 20% over the final week. In a pointy message on Twitter, CZ <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1589374530413215744\" target=\"_blank\">said<\/a>:<\/p>\n<blockquote>\n<p>\u201cLiquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won\u2019t pretend to make love after divorce. We are not against anyone. But we won\u2019t support people who lobby against other industry players behind their backs. Onwards\u201d.<\/p>\n<\/blockquote>\n<p>Following the withdrawals from Binance, different gamers have additionally joined in. As per <a rel=\"nofollow noopener\" href=\"https:\/\/t.me\/peckshield\" target=\"_blank\">data<\/a> from PeckShiled,<\/p>\n<blockquote>\n<p class=\"p1\">Jump Trading has withdrawn about 40.4 million USDC from FTX in the previous 24 hours. About $109.8 million price of cryptocurrency has been transferred from FTX to crypto lending platform Nexo, together with 56,432 ETH and about $13.9 million in stablecoins.<\/p>\n<\/blockquote>\n<h3>FTX Chief Addresses the Rumors<\/h3>\n<p>There have been controversial stories floating with FTX alternate and its sister concern Alameda Research. The controversy notes: \u201cBoth these firms have different businesses but the balance sheet of Alameda research shows significant amount of unlocked FTT token worth nearly $3.66 Billion out of total $14.6 billion\u201d.<\/p>\n<p>The controversy is surrounding the illiquid tokens which Alameda Research has been exhibiting on its stability sheet. Hence these main liquidations in the market. Note that each these companies are owned by Sam Bankman-Fried.<\/p>\n<p>In his newest Twitter <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1589399424983502848\" target=\"_blank\">thread<\/a>, SBF has come clear addressing the rumors in the market. He said that FTX and its group of corporations are extremely regulated and that they preserve all audited financials. However, he said that FTX customers needn&#8217;t panic as all the withdrawals are working nice.<\/p>\n<blockquote>\n<p>We\u2019ve already processed billions of {dollars} of deposits\/withdrawals at present; we\u2019ll preserve going. (Taking up anti-spam checks to course of extra\u2013sorry in the event you bought these. We\u2019re hitting node fee capability, will preserve going.) Also tons of USD &lt;&gt; stablecoin conversions going on.<\/p>\n<\/blockquote>\n<p>He additionally thanked all their supporters who continued to stick with the alternate.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA126366\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds an excellent aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary abilities.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD126366\">\n<p> The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/amid-all-the-chaos-ftx-chief-assures-withdrawals-are-working-fine\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] On Sunday, November 6, Binance chief Changpeng Zhao announced that the alternate can be dumping all FTX tokens (FTT). Binance took an exit from FTX fairness final 12 months because of which it obtained $2.1 billion in money. Soon after CZ made the announcement, the FTX token value got here beneath extreme stress. As 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