SALT, a cryptocurrency lending platform, announced that it is suspending withdrawals, becoming the latest company to do so as a result of the FTX-caused contagion sweeping the cryptocurrency landscape. “The failure of FTX has had an impact on our business,” SALT CEO Shawn Owen said in a message to customers. “We have paused deposits and withdrawals on the SALT platform effective immediately until we are able to determine the extent of this impact with specific details that we feel confident are factually accurate.” Owen stated that the firm is diligently working with its partners to secure a clear path forward and intends to be as transparent as possible.
