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Blockchain

FTX Stopped Working At The Time The US CPI Was Announced Which Infuriated Users

September 14, 2022 - Around 2 mins mins to read
The website of the FTX exchange had a problem at the time of the US release of the important CPI, making users unable to access their accounts. CEO Sam Bankman-Fried had to apologize to users, then the problem was fixed.
FTX

Yesterday, on the eve of the US release of the Consumer Price Index (CPI) August, the website of this exchange was down, with some users posting their frustrations on Twitter. A bored person said that FTX often arbitrarily freezes when traffic is high.

Soon after, CEO of FTX Sam Bankman-Fried apologized to users for the above incident and confirmed that the problem had been fixed.

As was updated in the previous article Coincu News, on September 13, the US announced the CPI of August, according to which, the US CPI reached 8.3%, slightly down from 8.5% of July but deviated from observers’ expectations of 8.1%.

The above information has shaken both the economy in general and the crypto community in particular. Massive coin dumps were the answer. 358 million USD liquidated, 73% long orders, the 2 most liquidated assets are still $BTC and $ETH, according to CoinGlass. Therefore, the incident of the FTX exchange that makes users crazy is also natural.

FTX
Total Liquidations. Source: Coinglass

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Blockchain

FTX Stopped Working At The Time The US CPI Was Announced Which Infuriated Users

The website of the FTX exchange had a problem at the time of the US release of the important CPI, making users unable to access their accounts. CEO Sam Bankman-Fried had to apologize to users, then the problem was fixed.
FTX

Yesterday, on the eve of the US release of the Consumer Price Index (CPI) August, the website of this exchange was down, with some users posting their frustrations on Twitter. A bored person said that FTX often arbitrarily freezes when traffic is high.

Soon after, CEO of FTX Sam Bankman-Fried apologized to users for the above incident and confirmed that the problem had been fixed.

As was updated in the previous article Coincu News, on September 13, the US announced the CPI of August, according to which, the US CPI reached 8.3%, slightly down from 8.5% of July but deviated from observers’ expectations of 8.1%.

The above information has shaken both the economy in general and the crypto community in particular. Massive coin dumps were the answer. 358 million USD liquidated, 73% long orders, the 2 most liquidated assets are still $BTC and $ETH, according to CoinGlass. Therefore, the incident of the FTX exchange that makes users crazy is also natural.

FTX
Total Liquidations. Source: Coinglass

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

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