Crypto Exchange FTX Reopens Withdrawals: Nansen

Troubled crypto exchange FTX has reopened withdrawals, according to on-chain data provided by Nansen.

One user was able to withdraw $2.6 million worth of ether (ETH) while another was able to get $1.3 million of USDC out of the exchange.

A total of $6.8 million has been withdrawn in the past hour.

A Nansen screenshot showing that $6.8 million has been withdrawn from FTX.

FTX halted withdrawals earlier this week as it dealt with liquidity issues in relation to its sister company, Alameda Research. Rival exchange Binance stepped in and signed a non-binding letter of intent to acquire FTX only to walk away from the deal 24 hours later.

"We're spending the week doing everything we can to raise liquidity," FTX CEO Sam Bankman-Fried said in a tweet on Thursday.

FTX's website still says that it is unable to process withdrawals and advises against making deposits.

UPDATE (Nov. 10, 16:31 UTC): Adds context throughout.