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

CNBC Finance LogoCNBC Finance1w ago

FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole - CNBC Finance

Quick Summary:

Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas.

The now-bankrupt global cryptocurrency exchange is only allowing withdrawals in the Bahamas after halting FTX liquidations everywhere else in the world.

The exchange, run by 30-year-old Sam Bankman-Fried, has been accused of misusing customer funds and was close to being bought by its biggest rival after a liquidity crisis.


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Article Details

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-15 @ 03:19:28 (1 weeks ago)

News Timezone: GMT -5:00

Ranking: #1520 (out of 3924 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC Finance

News ID: 1753294

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About CNBC Finance

CNBC Finance Logo

Main Topics: MarketsFinanceInvesting

Official Website: cnbc.com

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #6

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The story "FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole" was covered 1 weeks ago by CNBC Finance, a news publisher based in United States.

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It's most recent story was published 1 days ago.

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  • News ID: #1753294
  • URL: https://beamstart.com/news/ftx-users-appear-to-be-16687433678295

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