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Crypto Lender Salt Halts Withdrawals and Deposits Citing FTX Impact

Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers.

The firm said in a message attributed to CEO Shawn Owen that "the collapse of FTX has impacted our business." However, the full extent of the exposure was not disclosed in the message.  "Until we are able to determine the extent of this impact with specific details that we feel confident are factually accurate, we have paused deposits and withdrawals on the SALT platform effective immediately," Owen wrote.

Owen went on to write that the company is "working diligently with our partners to secure a clear path forward and plan to be as transparent as possible."

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