In November 2022, FTX made the decision to temporarily suspend the onboarding of new clients and withdrawals. This move was made in the hopes of finding a solution or rescue plan for the cryptocurrency exchange. The suspension affected both the ability for new clients to join the platform and for existing clients to withdraw their funds. FTX took this action as a precautionary measure, possibly due to unforeseen circumstances or challenges faced by the exchange. The decision to suspend onboarding and withdrawals demonstrates FTX’s commitment to ensuring the safety and stability of its operations during this period of uncertainty.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateEvaluating Financial Stability Risks in Emerging Markets and Cryptoassets