FTX US, the US arm of cryptocurrency exchange FTX, appears to have stopped processing withdrawals on Friday, hours after the company went public Chapter 11 bankruptcy filed.

According to on-chain Datathere have been no outgoing transactions for almost 2 hours.

FTX US warned users on Thursday that trading can be halted at any time and that users should close any open position they might have.

Also read: Can investors hope to catch a falling knife as bitcoin, ether and altcoins drown in a sea of ​​blood?

“Trading on FTX US could be halted in a few days. Please close any positions you wish to close. Withdrawals are and will remain open Thursday.

Thursday’s announcement came just hours after the founder of FTX Sam Bankman Fried in a Twitter thread stressed that FTX.US is different from FTX and in a solid financial position.

FTX files for bankruptcy

FTX US, FTX and its sister company Alameda Research, along with about 130 other related companies, filed for Chapter 11 bankruptcy in a US court on Friday.

Tron Founder Talks FTX Support

The bankruptcy filing came at a time when Tron was going under justin sun seemed poised to pump billions into the company — after careful consideration — to bail out the ailing stock market.

Sun said he then entered into negotiations with FTX Changpeng ZhaoBinance CEO, has pulled out of a deal to acquire Bahamas-based FTX exchange.

Asked if Tron has the resources to save FTX from bankruptcy, Sun said the company is ready to cover losses once it completes its own due diligence.

“I don’t have an exact number, but on our side we know the concept and I think there’s something on the table at that level here,” Sun had said.

Next: Billionaire Mike Novogratz takes another hit: First Luna, now FTX is costing his crypto company millions

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