Instability hits FTX website during crypto market tumult

Quick Take

  • FTX’s website appeared to struggle to stay online late Wednesday.
  • The instability began after Binance announced it wouldn’t bail out the beleaguered exchange, a move that sent crypto markets spinning.
  • The instability has impacted FTX’s international site, while its American affiliate FTX.US appears unaffected.

Embattled crypto exchange FTX is struggling to stay online.

FTX's international website is online at the time of publication. "We're sorry, something went wrong while processing your request. Please try again later," an error message earlier read. The first outage occurred before 5 p.m. EST. 

The reason for the instability is unclear, though exchange sites have suffered inaccessibility during past periods of market volatility. Bitcoin was trading hands at $15,977 at 5:25 p.m. EST, down more than 13% for the day.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Earlier Wednesday, Binance said it was pulling out of a deal to acquire FTX amid a significant liquidity crisis. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


To contact the editor of this story:
Madhu Unnikrishnan at
[email protected]