Claim $500Just-In: FTX US To Resume Ethereum (ETH) And MATIC Withdrawal
Crypto exchange FTX on Friday said the Ethereum (ETH) withdrawals on FTX US will resume soon. Moreover, users looking to withdraw Polygon (MATIC) need to cancel their pending withdrawals and request a fresh withdrawal request as ERC20 MATIC.
FTX Contagion Spreads to FTX US
On Thursday, FTX CEO Sam Bankman-Fried said FTX US subsidiary is working fine and only FTX International is impacted. He assured users that FTX US is 100% liquid and withdrawals are working. However, FTX US started facing withdrawal delays just like FTX before SBF disclosed a liquidity crunch at the crypto exchange.
FTX US is reportedly facing withdrawal issues and trading may be halted in the coming days. The pull requests are no longer reviewed by the team and employees are not working amid payroll concerns. Some claim FTX US President Brett Harrison quit as he knew about the situation.
Crypto lender BlockFi has recently halted withdrawals and limited client activity due to uncertainty surrounding FTX.com, FTX US, and Alameda Research. Moreover, FTX investors Sequoia Capital marked down its $214 million investment to zero, other investors reportedly have similar plans.
Meanwhile, SBF has declined to file for bankruptcy and has been working to raise $9.4 billion in funding from investors and rivals.
FTT Price Skyrockets 40%
FTX Token (FTT) price is trading at $3.23, up nearly 40% in the last 24 hours. The 24-hour low and high are $2.32 and $4.20, respectively.
Meanwhile, the Securities Commission Of the Bahamas had frozen FTX subsidiary FTX Digital Markets assets. Sam Bankman-Fried, SBF, Alameda Research is also under investigation by the U.S. Securities and Exchange Commission (SEC), Dept. of Justice, and CFTC.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto India: Billionaire Nikhil Kamath Reveals He Holds Zero Bitcoin, Plans to Explore BTC in 2026
- Spot Bitcoin ETFs Bleed $175M as Analysts Predict BTC Price Crash to $40K
- Dormant Bitcoin Whale Awakens with $30M Profit
- Bitcoin, AI Coins Bounce as Nvidia Signs $20B AI Inference Deal with Groq
- PENGU Rises Despite Crypto Market Downtrend as Pudgy Penguins Appear on Las Vegas Sphere
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
- XRP Price Prediction: Will 4 Billion Transactions Spark Next Rally?
