Thursday, December 26, 2024

FTX advises users to remove the app and not visit the website

Date:

FTX logo

The crypto exchange has recently been under a lot of pressure.

(Photo: IMAGO/Zoonar)

denver New problem at insolvent crypto exchange FTX: Unknown individuals apparently withdrew more than $600 million worth of cryptocurrencies over the weekend, according to calculations by analytics house Nansen. FTX confirmed via Twitter that there were “irregularities” in movements between digital wallets that held cryptocurrencies.

A few hours later, the exchange announced that it had transferred all cryptocurrencies to so-called cold storage due to “irregular transactions”, where they can be better protected against access.

It is said that it is money from American and international businesses. “It’s not clear exactly who is doing these trades, but I really wouldn’t expect trades like this at this point,” the chief executive of analytics firm Nansen told Bloomberg.

read on now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

read on now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

Share post:

Popular

More like this
Related

How to Use Video Marketing to Promote B2C Products?

Video marketing has emerged as a powerful tool for...

Adapting to Change: The Future for Leopard Tortoise Environments

Leopard tortoises, known for their striking spotted shells and...

Debunking Common Misconceptions in Nail Care

Acrylic nails, a popular choice for those seeking durable...

Top Reasons to Buy Instagram Likes from InsFollowPro.com

Buying Instagram followers is a strategy some individuals and...