The US-based branch of Sam Bankman-Fried’s crypto empire, FTX.US, just announced that it may imminently implement a freeze on trading.
A new note on the company’s website says investors looking to close positions and move their crypto out of the exchange are currently able to do so.
“Trading may be halted on FTX US in a few days. Please close down any positions you want to close down. Withdrawals are and will remain open. We will give updates as we have them.”
FTX.US is designed to be subject to US regulations.
It offers a different set of crypto assets and trading options compared to the embattled Bahamas-based exchange, FTX.com.
The former president of FTX.US, Brett Harrison, stepped down in September.
As of November 1st, FTX.US was the world’s eighth-largest crypto exchange by volume according to data from CoinGecko.
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