Beleaguered crypto exchange FTX appears to have begun processing withdrawals again, following a more than 48-hour shutdown.
Etherscan shows that withdrawals began leaving the exchange again at around 11 a.m. ET.
“Withdrawals coming in hot now — lots of folks getting out large sums,” said Andrew Thurman, head of content at crypto data provider Nansen.
The once mighty exchange giant collapsed this week after a run on its utility token, FTT, was sparked by a tweet by Binance CEO Changpeng Zhao, who said his firm would sell its FTT holdings. Binance, a rival exchange, agreed to buy FTX.com, but changed its mind a day later and backed out of the deal.
Bankman-Fried’s empire now appears to be on the brink, although CEO Sam Bankman-Fried claims it has more assets than user deposits.
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