FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole | Crypto Craft

  • FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole

    From cnbc.com

    Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus found unusual trading patterns over the past five days as FTX was gating customer withdrawals. Most irregularities had to do with digital collectibles, known as NFTs. The patterns suggest “desperate” customers were turning to FTX users in the Bahamas for help, according to Argus.The now-bankrupt global cryptocurrency exchange is only allowing withdrawals in the Bahamas after halting FTX liquidations everywhere else in the world. The once $32 billion firm, partially based in ... (full story)

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Goat
Nov 13, 2022 9:15am
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When I hear about these smarties escaping through Tron and Bahaimian residents, I can't help but wonder why they weren't part if the initial $5B run. Fixing this problem takes more skill than avoiding it.
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