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Crypto: FTX is processing withdrawals again, according to on-chain data

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Crypto exchange FTX is processing withdrawals again after a 48-hour shutdown, based on on-chain data from Etherscan. The data shows that withdrawals began shortly before 11 a.m. ET on Thursday.

One withdrawal appears to have pulled over $2 million, according to a screenshot in a tweet from Andrew Thurman, head of content at crypto analytics and data firm Nansen.

The news comes after a chaotic week during which crypto exchange Binance’s chief executive Changpeng Zhao announced an intent to acquire crypto exchange FTX. Zhao eventually pulled out of the deal, citing it as a result of “corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations.”

See: Binance confirms it’s backing out of deal to buy FTX assets

Also read: ‘I f—d up’: Sam Bankman-Fried takes blame for liquidity issues at FTX

FTX did not immediately respond to a request for comment.

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