FTX has announced that it will stop depositing and withdrawing Ether (ETH) on the blockchain until the end of The Merge upgrade, with the section “ETH trading will remain open.”
The Merge upgrade will permanently change the Ethereum blockchain from proof-of-work (PoW) to proof-of-stake (PoS), aiming to reduce energy consumption and introduce sharding capabilities.
The suspension of deposits and withdrawals for Ethereum on different FTX blockchains will start at different times. but can still change at any time
FTX also pointed out that crypto exchanges are not liable for any losses in the event of extreme price fluctuations, adding that it “is the responsibility of the user. to understand the meaning of this declaration.”
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