The crypto exchange froze withdrawals on 8th November 2022 as it scrambles for rescue funds. The drop in liquidity was triggered by a sharp increase in customer withdrawals.

Seeing this as an opportunity to acquire FTX, Binance jumped in a bid to rescue the sinking exchange. However, it backed out of the deal at the very last moment leaving FTX on the verge of collapse.

⚠️ WE DO NOT RECOMMEND opening an account on the FTX crypto exchange at this moment.

Read more about what’s going on with FTX 👉 bit.ly/3AbGAQN

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