 | FTX official Twitter released an update yesterday that some number of users who withdrew funds from FTX International on the 11th face having these funds taken back. It is not certain what group or number of users are affected. The funds are being returned to FTX, to be accessible and adjudicated upon by bankruptcy courts. As it is the entire FTX group including FTX US that filed for bankruptcy, it is unclear why FTX has not stated that this also affects FTX US withdrawals. This most likely refers to Bahamian funds on the platform where SBF and FTX both (in separate similar tweets) claim that Bahamian regulators mandated FTX International to permit withdrawals by Bahamian citizens, a claim strongly later denied by the regulators. FTX and SBF also agreed to a credit facility with Justin Sun and his DAO Tron to permit withdrawals but only using Sun-owned token BTT, TRX, SUN, JST, and HT. This credit facility was instituted 10th Nov such that FTX may also be referring to funds transferred out through this facility on the 11th as well, as any assets left on the platform at bankruptcy time would have already been declared through courts. Lastly, very confusingly, Bahamas regulators have acknowledged seizing assets from FTX. However it is also very unclear whether this seizure refers to the entire sum of missing funds of FTX assets or just some portion of it. The tweet may also be referring to the 'stolen' sum of money that represents the balance of what regulators did not seize. These funds however are only reclaimable if the hacker(s) made a rookie move and utilized centralized exchanges. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments