FTX US Warns of Buying and selling Halt Hours After Bankman-Fried Says It is ‘100% Liquid’

Crypto alternate FTX US – the U.S. wing of Sam Bankman-Fried’s crypto buying and selling empire – warned its customers to shut their positions as it’d halt buying and selling within the coming days.

“Announcement 2022-11-10: buying and selling could also be halted on FTX US in just a few days. Please shut down any positions you wish to shut down. Withdrawals are and can stay open. We are going to give updates as now we have them,” a banner on its web site mentioned.

The announcement got here simply hours after Bankman-Fried mentioned in a Twitter thread that FTX US was “100% liquid,” in distinction to FTX Worldwide, the worldwide crypto buying and selling firm that is presently searching for funding to fill a reported $10 billion gap.

In that very same thread, Bankman-Fried introduced that Alameda Analysis, one other associated entity, could be winding down.

FTX (the worldwide entity) halted withdrawals earlier this week after going through over $5 billion’ price of withdrawals on Sunday. The corporate appeared to have begun reopening some withdrawals on Thursday, though most customers had been nonetheless unable to withdraw funds as of press time. Choose customers had been in a position to withdraw a bit of underneath $7 million, CoinDesk beforehand reported.

Afterward Thursday, Bankman-Fried mentioned a deal between FTX and Tron to permit buyers on Tron-related tokens (TRX, BTT, JST, SUN and HT) to withdraw a few of their funds was “the first step.”

“That’s the core factor that I’m preventing for proper now, and can proceed to battle for in no matter methods I can,” he said.