Has FTX Exchange Finally Reopened Withdrawals For Customers?

According to the on-chain data provider,  Nansen, the debt-ridden FTX has finally reopened withdrawals for their customers. As per the data, one user was able to withdraw ETH worth $2.6 million while another was able to withdraw USDC worth $1.3 million from the exchange.

Strangely, the data also shows one user deposited $21,000 to the exchange in order to try and arbitrage the weird prices on FTX and withdraw to some other niche asset.

Withdrawals were stopped by FTX earlier this week while it dealt with liquidity problems with Alameda Research, its sibling firm. Rival exchange Binance intervened and signed a non-binding letter of intent to buy FTX only to back out of the agreement 24 hours later.

FTX CEO Sam Bankman-Fried said in a tweet on Thursday,

“We’re spending the week doing everything we can to raise liquidity”