Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch...
by Scoundreller on Tuesday November 08, 2022 @11:54AM
(#33521204)
Stopping withdrawals is definitely a fire if cold storage addresses are a mystery.
If lot of people are withdrawing at once, it would cause minor inconvenience to any exchange. They have to transfer funds from cold storage, and that takes time. It is almost impossible to determine if an exchange is solvent or not until you know their cold storage addresses.