FTX appears to be processing withdrawals again, on-chain data show

Quick Take

  • FTX appears to have begun processing withdrawals again.
  • Etherscan shows that withdrawals began leaving the exchange again at around 11 a.m. ET. 

Beleaguered crypto exchange FTX appears to have begun processing withdrawals again, following a more than 48-hour shutdown.

Block explorer 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, on Twitter.

The once mighty exchange giant collapsed this week following a run on its utility token, FTT. This came after Binance CEO Changpeng Zhao said his firm would sell its FTT holdings.

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