Ethereum (ETH) withdrawals will soon resume on the FTX US platform, cryptocurrency exchange FTX said on Friday.

Users looking to withdraw Polygon (MATIC) will need to cancel their pending withdrawals and request a new withdrawal request for ERC20 MATIC.

FTX infection reaches its branch in the United States FTX US:

On Thursday, the CEO of FTX said that US subsidiary FTX is doing well and only global FTX will be affected by the latest crisis.

He assured users that FTX US has 100% liquidity and withdrawals are working normally.

But FTX started experiencing withdrawal lags like US FTX before Bankman revealed the liquidity crunch.

FTX is reportedly having problems with US withdrawals and may stop trading with them in the near future.

Withdrawal requests are no longer reviewed by the team and employees are not working amid concerns about salaries.

Some have reported that US FTX platform president Brett Harrison resigned because he was aware of the situation.

Following the FTX platform, BlockFi recently halted withdrawals and limited trading activity due to uncertainty surrounding FTX.com, FTX US and Alameda Research.

Additionally, FTX Sequoia Capital investors cut their $214 million investment to zero, and other investors are said to have similar plans.

Meanwhile, Sam Bankman has declined to file for bankruptcy and is raising $9.4 billion in cash from investors and competitors.

FTT Digital Currency Price Rise:

Digital currency FTX (FTT) price is trading at $3.30, an increase of almost 40% in the last 24 hours.

The 24-hour low and high prices are $2.58 and $4.20, respectively.

Hours ago, the Bahamas Securities Commission froze the assets of FTX’s “FTX Digital Markets”.

Fred Bankman and Almeida Research are under investigation by the US Securities and Exchange Commission (SEC), the Department of Justice and the CFTC.

Also read:

Crypto-lending platform BlockFi suspends withdrawals after FTX crisis

Proof-of-reserves has become a popular trend in the crypto community since the FTX crisis.