FTX gone? – website turned off before returning to ‘advise against depositing’
The FTX.com domain is off-line Beginning at approximately 10:00 PM GMT, it comes back online for approximately 20 minutes and displays a prominent red notification to the user. The statement read, “FTX is currently unable to process withdrawals. We strongly advise against making deposits.”
The website has been shut down following the announcement that Binance has pulled out of the deal to acquire FTX. Additionally, other companies owned by Sam Bankman-Fried, including FTX Ventures and Alameda Research, closed their websites earlier in the day.
At this time, it is unclear if the site was intentionally taken down or if the crypto exchange has officially closed. For failed exchanges, $8 billion It has a hole in its balance sheet and is three times larger than Celsius, which filed for bankruptcy earlier this year.
When the website went down, users flocked to Twitter, reporting that users around the world were unable to access the website. High-profile applications like FTX.COM don’t need to restart their entire infrastructure to add a banner to their homepage. Therefore, the website shutdown could be a coincidence or an internal snap decision following the announcement that Binance has dropped its FTX acquisition deal.
