PSA: Bitcoin withdrawals are being “staggered” on FTX. Not Your Keys, Not Your Bitcoin.

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I find it hard to believe that SBF and someone of his character would run a business that is insolvent. He has been quiet for a while now ever since these rumors popped up.

The only thing I can think of as a logical explanation for what is happening now is that most exchanges only keep 5-10% of their total holdings on the actual exchange / exchange’s hot wallets for security reasons. Mt Gox kept it all on the exchange and we know how that ended…


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