Troubled Crypto Exchange FTX Reopens Withdrawals

The price of Bitcoin, along with other digital coins, fell after the world's biggest cryptocurrency exchange, Binance, pulled out of a deal to buy FTX (CRYPTO: FTT/USD), citing due diligence concerns.
It has left some FTX customers unable to withdraw from the exchange, which is used to buy and sell various digital tokens.
There are also fears of further crypto market volatility if FTX goes bust.
Troubled crypto exchange FTX's financial health concerns reportedly triggered $6 billion (£5.2 billion) of withdrawals in three days.
Related: FTX Stares At More Trouble As Justice Department Reportedly Joins SEC Probe Into Liquidity Crisis.
"I thought FTX was safe," one customer told the BBC.
Binance said reports of "mishandled customer funds and alleged US agency investigations" had swayed its decision not to buy FTX.
Binance said in a statement on Twitter that the issues facing FTX were "beyond our control or ability to help."
FTX suspended the onboarding of new clients and withdrawals until further notice.
But according to on-chain data provided by Nansen, FTX has reopened withdrawals.
Several users have been able to withdraw funds, including one worth $2.6 million and another worth $1.3 million.
Photo via Shutterstock

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