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Another Crypto Exchange Halts Recovery on The Heels of FTX’s Decline


Another crypto exchange halts recovery on the heels of FTX’s decline. Binance also made move to delist FTT.

As reported by Wu Blockchain, disturbing drama is taking place at Hong Kong’s crypto exchange, BitCoke. Trouble started when his staff said he was having a hard time getting rid of it. BitCoke posted an announcement that the financial regulator is supporting public security and investigating the inability to issue private keys.

Therefore, BitCoke stopped removing it on November 1. 1pm, 1pm Hong Kong time. The BitCoke exchange agreement is surprising, as it was revealed in May of this year that it raised $ 20 million in a cryptographic scheme. The investment agreement was made with a group of investors on the Huobi Exchange, which also includes other well-known companies such as Redline DAO, Krypital, LD Capital, Hotbit and many others.

A month later, the exchange announced the launch of BitCoke Ventures, its investment arm, with a $300 million investment to help expand the exchange. Last week was chaotic and saw the collapse of the FTX empire and the firing of founder Sam Bankman-Fried. FTX stopped withdrawing earlier this week, although some traders in countries including Turkey, Japan and the Bahamas were still able to withdraw on Friday. On Thursday, the US subsidiary of FTX informed employees that it may suspend trading soon, but said it will not affect the withdrawal.

Crypto Exchange Binance delists FTT pairs

Binance, the leading cryptocurrency exchange, has announced that it will remove and remove FTT from some of its products – Easy Earn, Remote Limits, and Permanent Contracts – to protect users. Binance announces that it will stop trading FTT in BUSD, USDT, and BTC on cross and remote platforms on November 13 at 11:30 UTC. Binance Simple Earn will remove FTT from volatile products on November 14 at 4:30 UTC. Similarly, Binance Liquid Swap will remove FTT/USDT, FTT/BUSD, FTT/BTC, and FTT/BNB pairs on November 14; The same goes for Binance Auto-Invest, which will remove FTT on the same day. Learn more about U.Today

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