BREAKING: FTX appears to have stopped processing withdrawals, on-chain data show
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youd think maybe this piece of info is important before posting this LOL
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Steven
@Dogetoshi
As The Block started writing/pubbing the story the withdrawal started ramping up again.
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Not true, I just tested a 50 SOL Transaction and it went through within 5 minutes.
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Use MetaMask. Screw CEXs. That’s why $FORGE is epic. Building a MetaMask to bank account cash out bridge. No CEX required. After having many run ins w listing agents on CEXs, they’re essentially all crooks. Not shocked here either.
Sorry for any frustrations caused to anyone affected. But seriously, decentralization is the only answer. Centralization gives them too much power and w power, comes the potential to abuse it. Many abuse it and are not based.
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Has this been corroborated with recent reports of customers who say they can’t withdraw? If not it’s FUD at this point. Crypto needs responsible reporting at this moment.
Yeah I nearly blocked all crypto media. They are as bad as regular journalism. Thinking of starting my own unbiased outlet.
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Most people's faith in the crypto markets have been shaky lately. This recent event in addition to the LUNA collapse or the Celsius lock up just gives more people reasons to be sceptical.
There are a ton of shady people in the space that must be wiped off for us to move ahead.
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I have fund left on FTX that I can't withdraw. I was scared but then came up with a hedging strategy:
(1) Take 20% of the FTX account and short FTT-perp leveraged
(2) Start the withdrawal process for the remaining 80%.
Now Im hedged
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