FTX, which was on the verge of bankruptcy, was rumored to have resumed the withdrawal function around 0:00 today, and a small amount of USDC flowed out. Officials later announced that this was because they were processing withdrawals from customers in the Bahamas, but did not specify when users in other regions would be able to resume withdrawals.
(Review:On-chain data: FTX doubts refund! Few USDC outflows, FTT rose 147% on hearing the news)
(Additional background:Official SBF statement: I made 2 mistakes; FTX assets / collateral are still higher than consumer deposits; still trying to save)
noodlesThe FTX exchange, which is facing a liquidity crisis, has resulted in the freezing of a large number of users’ assets. However, around 0:00 Taiwan time today (11th), it was said that the withdrawal function was suspected to have been restored, and some FTX-related wallet addresses had the phenomenon that the stablecoin USDC had flowed out from their wallets; Coins withdrawn from FTX.
And just around 3:00 am, the official FTX Twitter post said: “In accordance with the regulations of the Bahamas headquarters and regulators, we have started processing the withdrawal of Bahamas customers. Therefore, you may have seen FTX processing some withdrawals recently, because we have not complied with the regulations of the regulators,” adding
The withdrawn amount represents a small fraction of our current payouts, and we are actively developing other ways to raise money for our other user base. We are also actively researching what we can and should do around the world.
Although this article made some users see hope, it also made more users outside of the Bahamas angry, and they angered FTX to pay the money back as soon as possible.
1) In accordance with the regulations and regulators of our Bahamian Headquarters, we have begun to facilitate the withdrawal of Bahamian funds. As such, you may have seen some withdrawals being processed by FTX recently as we comply with the regulations.
— FTX (@FTX_Official) November 10, 2022
Further reading:Withdrawal comes true! Justin Sun and FTX reached cooperation: the first wave of 13 million magnesium! TRON and HT tokens can be withdrawn to external wallets
Bahamas Securities Commission Freezes FTX Digital Markets Assets
It was previously reported that local regulators in the Bahamas are closely monitoring and investigating FTX. According to the latest update from the Bahamian media “Nassau Guardian” this morningtweetthe local Securities Commission has taken steps to freeze the assets of FTX Digital Markets.
FTX Digital Markets is reported to be headquartered in the Bahamas and is a subsidiary of FTX Trading. The committee said they had learned of the suspected abuse and mismanagement of client assets, and decided to suspend the powers of the directors of FTX Digital Markets and that no assets held by the company could be transferred without the approval of the provisional liquidator.
The Bahamas Securities Commission today took action to freeze the assets of FTX Digital Markets. The Commission also applied to the Supreme Court for the appointment of a provisional liquidator of FTX. pic.twitter.com/1sy7yQWnAN
— Guardian Nassau (@GuardianNassau) November 10, 2022
Unfortunately, FTX moved its headquarters to Nassau, the capital of the Bahamas last year, and held an official groundbreaking ceremony for the new building in April this year. At the time, even the Prime Minister of the Bahamas was present in person. , praising FTX for bringing unlimited business opportunities to the Bahamas. . SBF and many of its senior managers are also said to live in the Bahamas and have bought luxury properties there.
Japan’s Financial Services Agency orders FTX Japan to suspend operations
In addition to the fact that the Bahamas has used public power to take action against FTX, according to the announcement of the Japanese Financial Services Agency (FSA) yesterday, they have also ordered FTX Japan to suspend operations, hoping that the platform will stop the crypto immediately. asset trading business before December 9, 2022, and stop accepting new customers.
In its order, the FSA said that FTX Japan had stopped withdrawals from customers in the country, but did not announce a date of recovery or prevent new customers from joining the platform. In this case, the regulator expressed uncertainty about FTX Japan’s current health status and asked FTX Japan to submit a business improvement proposal by November 16 to address the aforementioned concerns.
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SBF lost contact, official FTX website offline! The legal team has resigned collectively; Alameda’s official website and Twitter have been cleared
Heavy!Binance: FTX Acquisition Abandoned, User Funding Issues Out of Range; Crash Crypto
Reuters: SBF Alameda previously financed with magnesium 4 billion FTX, partly client assets
