Binance launched a chain of unpleasant events for FTX investors who are now facing trouble with their withdrawals
Reportedly, some users have no ability to make a one-time withdrawal worth more than $1,000, which creates a bizarre situation where investors have to split a $1 million operation into 1,000 transactions.management, including SBF himself, the exchange remains solvent, and the company is able to cover the existing volume of funds on the trading platform. However, the wave of outflows does not seem to be stopping, and Alameda has no other choice but to bail out the exchange with its own funds.
However, even a temporary inability on the part of FTX to cover the demands of its investors will cause an immediate reaction by said investors and aggravate the existing situation.
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