Crypto exchange FTX reopens withdrawals – CoinDesk

(Reuters) – Crypto exchange FTX has reopened withdrawals, CoinDesk reported on Thursday, citing on-chain data provided by analytics firm Nansen.

The company’s website, however, still displayed an earlier message that said it was unable to process withdrawals.

FTX Chief Executive Sam Bankman-Fried has launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees.

A spokesperson for the company did not immediately respond to a Reuters request for comment.

(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)