Big in the cryptocurrency community cause the collapse There are notable developments regarding FTX TR, the Turkish branch of the world’s third largest cryptocurrency exchange, FTX. The stock market, which suspended withdrawals a few days ago, has started withdrawing money since last night. reboot.

The first statements made stated that the upper limit for withdrawals 50 thousand TL was mentioned. Looking at the latest statements, we see that the withdrawal limit has been gradually increased. will be increased We see that the information is passed on. Let’s take a closer look at FTX TR’s statements.

Withdrawal from FTX TR has begun!

“Dear users, it is important to note that the Turkish lira is balanced up to 50,000 TL in FTX TR. Filming has started. You can withdraw FAST 24/7 from banks other than Akbank, Fibabank, Ziraat Bank and Vakıfbank. We present it to your information.” After the initial statement came the following statements from the FTX TR team, which issued a new statement: The FTX TR team has taken the necessary measures to protect the users’ FTX TR balances. As FTX TR, we will send the Turkish lira equivalent of the balances of all users who have a balance in FTX TR. Limit withdrawals gradually We will increase regularly.

So what had happened?

Cryptocurrency news platform Coindesk is actually Alameda Research, which is said to be an independent company founded by the boss of FTX. A structure connected to FTX revealed that. According to the resulting document, Alameda Research was funded by FTX’s own cryptocurrency FTT and had no other budget. Alameda claims this rejected However, investors were not convinced.

After this event, which started a downward trend in the cryptocurrency markets, Binance CEO got in and used harsh words about FTX and Alameda. A few hours after these statements, FTXs Can be bought by Binance announced. The source of the statement was CZ itself. However, with a statement made last night, the purchase he gave up announced. While all of these events were happening, trades were being made to FTX Global’s Turkey leg, FTX TR has been suspended has been told.

Cryptocurrencies suffered a major fall as a natural consequence of what happened!

*Bitcoin’s 1-month price chart. Source: Coinmarketcap

There was fear about the developments and the cryptocurrency markets. a huge drop started. Bitcoin, which traded at $21 thousand a few days ago, fell to $15 thousand 840. Thus, Bitcoin (BTC) decline has increased over the past week. 26 percent level has been reached. All altcoins, especially Ethereum (ETH), also got their share of this drop.

Those who want to know more about the FTX-Binance conflict in all the details can check out our news below: