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Crypto exchange FTX reopens withdrawals

© Reuters. FILE PHOTO: FTX logo is seen in this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/Illustration
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(Reuters) – Crypto exchange FTX has reopened withdrawals, CoinDesk reported on Thursday, citing on-chain data provided by analytics firm Nansen.

The company’s website, however, still displayed an earlier message that said it was unable to process withdrawals.

FTX Chief Executive Sam Bankman-Fried has launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees.

A spokesperson for the company did not immediately respond to a Reuters request for comment.

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