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A comment on FTX Appears to Have Stopped Processing Withdrawals, On-Chain Data Show. Parent comment

Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by kobalsky on Tuesday November 08, 2022 @10:51AM (#33520310)
> Yet, no communication from FTX or SBF.

this is the biggest issue. if they are having any kind of technical issues they should be on top of it.

even if everything is fine by tomorrow and withdrawals are working again, this radio silence is unprofessional and at this point it feels like they are trying to avoid saying anything that will be held up in court against them.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by toomuchtodo on Tuesday November 08, 2022 @11:11AM (#33520570)
Even strong denial can cause a run. See Credit Suisse as the most recent example.

https://www.google.com/search?q=credit+suisse+insolvent

[ Parent | on HN ]
Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by amluto on Tuesday November 08, 2022 @12:20PM (#33521520)
If indeed the issue is that the hot wallet is empty and funds need to be transferred from the cold wallet, they could say so.
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