FTX crypto exchange halting ETH deposits and withdrawals due to PoS transition

The company announced its plans to suspend ERC-20 withdrawals and deposits in time for the Ethereum Bellatrix update and the merger: on September 6 and September 15.

FTX will suspend the withdrawal and input of ETH and the ERC-20 network (native Ethereum blockchain). The timing is unknown, but sources claim it will be for at least 30 minutes while the most critical events in the world of Ether take place.

There are only two such events right now, the Bellatrix update on September 6. And the merger itself on September 15. So if your tokens get stuck on FTX, don't worry. Ether won't go down. You just have to wait a little bit.

Also, FTX will probably charge forked ETH tokens if a forked version of Proof-of-Work Ether appears (kind of a freebie, but no idea how it will affect the price).

Two weeks ago, Coinbase announced that it would also suspend ETH deposits and withdrawals, calling the measure a "precautionary." Binance follows the same plan; like FTX, the exchange plans to credit its users with forks of ETH if a split occurs.