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FTX Suspends Customer Signups After Widespread Criticism

The crypto exchange is facing an acute liquidity crisis.

Photo of FTX website (Rob Mitchell/CoinDesk)
Photo of FTX website (Rob Mitchell/CoinDesk)

Crypto exchange FTX has suspended new users from signing up on its trading platform following widespread criticism that it was allowing onboarding despite facing liquidity troubles.

  • "All onboarding of new clients has been suspended until further notice," a message on the FTX website reads. Withdrawals remain paused.
Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

Shaurya Malwa

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Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half

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A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.

O que saber:

  • Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
  • Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
  • Hacken urges real-time monitoring and automated controls to prevent operational failures.