Can FTX users still trade when their assets are frozen?
Kehoe SheaDec 25, 2021 · 3 years ago3 answers
What happens to FTX users' ability to trade when their assets are frozen?
3 answers
- Dec 25, 2021 · 3 years agoWhen FTX users' assets are frozen, they will not be able to trade on the platform. Asset freezing typically occurs when there is suspicious activity or a legal issue related to the user's account. During this time, the user's funds are temporarily inaccessible and trading is disabled. It is important for users to resolve any issues with their account as soon as possible to regain access to their assets and resume trading.
- Dec 25, 2021 · 3 years agoNo, users cannot trade on FTX when their assets are frozen. Asset freezing is a security measure taken by the exchange to protect users and prevent unauthorized access to their funds. When assets are frozen, trading is temporarily disabled until the issue is resolved. Users should contact FTX support to address the freezing of their assets and follow the necessary steps to regain access to their account.
- Dec 25, 2021 · 3 years agoWhile I cannot speak specifically for FTX, it is common practice for exchanges to suspend trading when a user's assets are frozen. This is done to prevent any potential misuse of the frozen assets and to comply with legal requirements. Users should contact FTX support for more information on the specific policies and procedures in place when assets are frozen.
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