FTX Users Grapple with Fraudulent Priority Withdrawal Scam
FTX clientele finds itself confronted by a deceptive priority withdrawal scam. These misleading emails purportedly originate from FTX Trading, West Realm Shires Services, and FTX EU.
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FTX clientele finds itself confronted by a deceptive priority withdrawal scam. These misleading emails purportedly originate from FTX Trading, West Realm Shires Services, and FTX EU.
A recent update has revealed an additional development on Ethereum. Besides the much anticipated Shanghai and Capella upgrades coming sometime in March.
Eligible customers will be able to withdraw 94% of the funds. The remaining users need clarity on when they can get their funds back.
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
Customer withdrawals that were previously processing but backlogged have been halted altogether, according to an announcement in the FTX Support Telegram group.
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
Since halting user withdrawals three weeks ago, CoinFLEX has announced plans to reclaim up to $84 million in owed funds.
As the ongoing crypto bloodbath has brought many crypto-oriented businesses on the verge of collapse, general sentiments are pointing toward ...
Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”