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coinflex pauses withdrawals amid extreme conditions Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What is CoinFLEX's withdrawal pause?

The hectic pause comes one week after similar sudden withdrawal freezes at Celsius and Binance, two of the biggest cryptocurrency exchanges in the world. In his blog post, Coinflex CEO Mark Lamb said he was “confident” the situation would be repaired and result in a restoration of withdraws.

Are FTX withdrawals paused?

"In the last 72 hours, we've had roughly $6b of net withdrawals from FTX," he wrote, adding that withdrawals at FTX's main unit, FTX.com, are "effectively paused," an issue that would be resolved in "the near future."

Why did BlockFi pause client withdrawals?

BlockFi, a crypto lender, paused client withdrawals from its platform on Nov. 10, citing the “lack of clarity” around FTX's current situation; it was two days after the FTX exchange fully halted customer withdrawals on Nov. 8. BlockFi later acknowledged its “significant exposure” to FTX.

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