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US FTX warns of trading halt hours after Bankman-Fried says it’s ‘100% liquid’


Cryptocurrency exchange FTX US – the US wing of Sam Bankman-Fried’s crypto trading empire – has warned its users to close their positions as it could stop trading in the coming days. next day.

“Announcement 2022-11-10: trading may be paused on FTX US for the next few days. Please close any positions you wish to close. Withdrawals are and will remain open. We will provide updates as they become available”, a banner on its website speak.

The announcement comes just hours after Bankman-Fried said in a Twitter thread that FTX US is “100% liquid“in contrast to FTX International, the global crypto exchange is currently seeking capital to fill a reported $10 billion loss.

In the same thread, Bankman-Fried announced that Alameda Research, another related organization, there will be wind.

FTX (global institution) halted withdrawals earlier this week after facing over $5 billion worth of withdrawals on Sunday. The company seems to have Starting to reopen some withdrawals on Thursday, though most users are still unable to withdraw at press time. CoinDesk previously reported that some users were able to withdraw less than $7 million.

Late on Thursday, Bankman-Fried said an agreement between FTX and Tron to allow investors on Tron-related tokens (TRX, BTT, JST, SUN, and HT) to withdraw some of their funds. is the “first step”.

“That’s the core of what I’m fighting for right now and will continue to fight anyway I can,” he say.

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