Friday, October 23, 2026

FTX advises users to remove the app and not visit the website

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The crypto exchange has recently been under a lot of pressure.

(Photo: IMAGO/Zoonar)

denver New problem at insolvent crypto exchange FTX: Unknown individuals apparently withdrew more than $600 million worth of cryptocurrencies over the weekend, according to calculations by analytics house Nansen. FTX confirmed via Twitter that there were “irregularities” in movements between digital wallets that held cryptocurrencies.

A few hours later, the exchange announced that it had transferred all cryptocurrencies to so-called cold storage due to “irregular transactions”, where they can be better protected against access.

It is said that it is money from American and international businesses. “It’s not clear exactly who is doing these trades, but I really wouldn’t expect trades like this at this point,” the chief executive of analytics firm Nansen told Bloomberg.

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Toni Morrison
Toni Morrison
Toni Morrison was a celebrated American author whose novels earned worldwide recognition for their depth, artistry, and cultural significance. Her influential works continue to inspire readers and writers across generations.

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