FTX’s seemingly sluggish withdrawals raise eyebrows

Withdrawal transactions for customers using FTX, the third largest crypto exchange by volume, have seemingly been limited to a nominal amount or none at all, according to multiple on-chain data sources.
Stablecoin withdrawals from FTX dropped to zero around 6 a.m. ET on Tuesday, according to data on CryptoQuant. Meanwhile, withdrawals of ether, Ethereum’s token, have been small during the same time frame, CryptoQuant data also showed. Etherscan data also revealed that FTX withdrawals are currently executing for up to 0.12, or about $170.79, of ether.
“As FTX’s net crypto asset holdings d

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