FTX Suspends Customer Signups After Widespread Criticism
Source: Chloe
Crypto exchange FTX has suspended new users from signing up on its trading platform following widespread criticism that was allowing onboarding despite facing liquidity troubles.
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"All onboarding of new clients has been suspended until further notice," a message on the FTX website reads. Withdrawals remain paused.
Today, Binance made an announcement earlier today, stating that it officially abandoned the intent to acquire FTX. FTX (FTT), the token, plummeted more than 80% to below $3 in 24 hours in response. Binance's bail on the acquisition is undoubtedly, the most fatal punch that hits on the troubled crypto firm.
(Source: CoinDesk)
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