FTX Exchange Settles $16 Million In Bahamas Regulated Withdrawals

FTX exchange posted on its official Twitter that in accordance with the regulations of its headquarters in the Bahamas and the regulators, FTX has started processing withdrawals from Bahamas customers. A total of $16 million was withdrawn from FTX in the last 24 hours $116.3 million was withdrawn from FTX US.

On November 10, FTX posted on its official Twitter that in accordance with the regulations of its headquarters in the Bahamas and the regulatory authorities, FTX has started processing withdrawals from Bahamas customers.

According to data from Nansen, within the last 24 hours $16 million has been withdrawn from FTX exchange in the last 24 hours $116.3 million has been withdrawn from FTX US.

FTX exchange also said it is actively investigating other ways to help the remaining users withdraw. According to previous reports, the Bahamas regulator is “monitoring and investigating very closely” the impact of news that FTX is on the verge of collapse.

FTX Digital Markets is licensed in the Bahamas, where the founder of SBF and many senior managers live, where they have purchased luxury homes. SBF has plans to set up a local headquarters and employ 700 employees. The company has also made significant donations to charities in the Bahamas and pumped substantial sums into the local economy.

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