FTX “stumbled” as soon as CPI was announced, Bankman-Fried CEO apologized urgently

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2022-09-15 20:02:44

The website of the FTX exchange “unfortunately” had problems, as some users were unable to access their accounts and “grieved” on Twitter.

Last night (September 13), just before the US announced the Consumer Price Index (CPI) in August, the website of the FTX exchange was down. This situation made many users feel discontent and expressed disappointment on Twitter. Some criticized that FTX often arbitrarily freezes during high traffic.

Complaints of FTX Users
Complaints of FTX Users

After that, FTX CEO Sam Bankman-Fried immediately posted an apology and confirmed the issue had been resolved in the adjacent tweet.

CEO Sam apologized to the user right after that
CEO Sam apologized to the user right after that

The CPI announcement event of August 2022 took place on the evening of September 13. CPI is known as a commonly used measure to consider the level and state of inflation of the economy. Specifically, US CPI last month reached 8.3%, slightly down from 8.5% in July. However, this figure deviated from observers’ expectation of 8.1%. Some people struggled to access their FTX accounts yesterday, but were “banned” by the exchange.

At the time the inflation news was released, BTC once lost 13%, to $ 19,860, but now the price has recovered above the $ 20,000 threshold. Ethereum (ETH) is down more than 6% in the last 24 hours, around the $1,600 mark, although The Merge is very close.

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