FTX gone? – website turned off before returning to ‘advise against depositing’

The FTX.com domain went offline around 10 pm GMT for around 20 minutes before coming back online with a prominent red notice to users. The statement reads, “FTX is currently unable to process withdrawals. We strongly advise against depositing.”

A further notice was added moments later stating,

“All onboarding of new clients has been suspended until further notice.”

The website was shut down after the announcement that Binance had pulled out of the deal to acquire FTX. In addition, other Sam Bankman-Fried-owned companies, such as FTX Ventures and Alameda Research, had their website shut down earlier in the day.

It is unknown at this time if the site was down switched off intentionally or if this is officially the end of the crypto exchange. The insolvent exchange has an $8 billion hole in its balance sheet, three times that of Celsius, which filed for bankruptcy earlier this year.

Users flocked to Twitter as the website went down, with users all over the globe reporting that they could not access the website. A high-profile application like FTX.COM would not require an infrastructure-wide reboot to add a banner to the homepage. Therefore, the website outage is likely to have either been a coincidence or an internal snap decision following the announcement that Binance has pulled out of the deal to acquire FTX.