Disclaimer: FTX has deleted the source tweet and updated the blog post that was the basis of the initial story. This article has been updated based on new official information to confirm that FTX will suspend ETH deposits and withdrawals, and not halt the trades on the crypto exchange.
While Ethereum devs promised no downtime during The Merge, one of the most anticipated Ethereum upgrades, members of the crypto community decided to take proactive measures to ensure the safety of investor funds. In this effort, crypto exchange FTX announced to halt Ether (ETH) transactions on secondary blockchains until the September upgrade concludes.
Soon after the announcement, FTX deleted the tweet while CEO Sam Bankman-Fried clarified that "ETH trading will stay on through Merge."
Official FTX Tweet (left) confirming the temporary disablement of ETH transfer. Source: Google Cache
The Merge upgrade will permanently transition the Ethereum blockchain from proof-of-work (PoW) to a proof-of-stake...
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