FTX suspends addition of new clients, withdrawals

FTX suspended onboarding of new clients as well as withdrawals until further notice as hopes of a rescue for the cryptocurrency exchange fade after rival Binance walked away from a deal to bail out the company.

In a message on its website, the company also asked clients to avoid depositing their funds. It was not immediately clear if FTX US, the company’s U.S. unit that was not part of Binance’s failed buyout, too is included in the latest move.

An FTX spokesperson did not immediately respond to requests seeking comments.