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Ethereum World News 2022-11-08 12:31:50

FTX Reportedly Pulling Out Funds From DeFi Is Causing Volatility Across the Space

Analysts are taking note that FTX is pulling funds out from several DeFi protocols and exchanges, causing some volatility in the space. The conclusion some analysts are drawing is that FTX might be having trouble with its reserves. They speculate that the withdrawals are being used to honor FTX withdrawals. Researchers have also suggested that FTX might be pulling a lot of funds out of the Solana bridge Wormhole. A look at Alameda’s wallets suggests that these transactions are being […]

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