Financially-troubled crypto exchange FTX has introduced its website back online following a time period of intermittent downtime — using the buying and selling platform now sporting a banner confirming withdrawals are stopped and counseling users against depositing.
The FTX website came back online at roughly 9:00 pm UTC on November. 9, after encountering five separate periods of network downtime spanning over two hrs, according towards the “IS IT Lower Or Simply ME” website.
The crypto community on Twitter has additionally observed a brand new vibrant red banner that may be seen through the site that reads:
“FTX is presently not able to process withdrawals. We strongly advise against depositing.”
A pinned message around the official FTX Telegram Group on November. 8 also confirmed the halting of withdrawals, with no estimates about once they would return.
“We’re awaiting confirmation from your team to ramp up. At this time we do not have an ETA but surely will communicate it when we’ve it,” part of FTX support authored within the message.
Attempting to enroll in a brand new account online also posseses an alert that “signups are paused” only at that moment, Cointelegraph has discovered.
This means that deposits, while “strongly informed not to,” are just available to individuals who’ve existing accounts around the buying and selling platform.
Meanwhile, two websites from the crypto exchange including Alameda Research and FTX Ventures remain lower during the time of writing.
Related: Binance’s victory over FTX means more users leaving central exchanges
It comes down among a continuing liquidity crisis being faced through the crypto exchange.
A November. 9 report in the Wall Street Journal claims the exchange is facing a shortfall of $8 billion, and it is not able to satisfy withdrawal demands without emergency funding.
Binance initially signed a non-binding letter of intent to purchase the embattled exchange but brought out under 48 hrs later, citing the mishandling of customer funds and alleged U.S. agency investigations because the causes of its alternation in decision.
Search recent results for “FTX website” also saw a sizable spike during the last couple of hrs following a reports the FTX website was occasionally going lower, based on Google Trends:
