Is FTX processing withdrawals again? The situation surrounding Cryptocurrency exchange FTX and withdrawals is rapidly evolving. For the last 48 hours, many users reported withdrawals being frozen, but some reports indicate that FTX appears to be processing withdrawals now.

The saga began amidst an ongoing battle with rival exchange Binance. Initial reports indicated that FTX had halted processing clients’ requests for withdrawals. According to The Block, FTX seemed to have stopped processing clients' requests for withdrawals for over 2 hours, initially sparking concern.

On-chain data further fueled these worries. Crypto exchange FTX seemed to have stopped processing withdrawal requests, according to on-chain data. The last outgoing transaction from FTX took place at [Insert Specific Timestamp Here - Update if possible]. It appears that FTX has stopped processing on-chain withdrawals from at least their main identified wallets on Ethereum, Solana and Tron, said Steven Zheng, further highlighting the issue.

This situation comes following a tweet thread released by FTX Founder Sam Bankman [Insert Brief Summary or Link to Tweet Thread, if applicable].

While withdrawals were reportedly frozen, recent developments suggest a change. While details remain scarce, reports indicate that FTX appears to be processing withdrawals for some users. It is crucial to monitor the situation closely and consult official FTX communication channels for the most up-to-date information.