Both of these seem to be causing some amount of chaos. The first looks bad in terms of potentially being a loophole for FTX employees to cash out; but is also understandable in terms of having good relations with their host country. The second has caused the price of the Tron tokens to spike massively on FTX, with people speculating that Justin Sun will be making huge profits out of it. Neither look great from a globally equitable perspective for FTX account holders, but maybe they are better than nothing (or an 8+ year wait for everyone like in the case of MtGox)?
Ok, now the Security Commission of the Bahamas has frozen FTX’s assets. Was the withdrawal by Bahamian account holders supervised by the Security Commission from the beginning? (Or have they been digging an even bigger hole for themselves?)
Both of these seem to be causing some amount of chaos. The first looks bad in terms of potentially being a loophole for FTX employees to cash out; but is also understandable in terms of having good relations with their host country. The second has caused the price of the Tron tokens to spike massively on FTX, with people speculating that Justin Sun will be making huge profits out of it. Neither look great from a globally equitable perspective for FTX account holders, but maybe they are better than nothing (or an 8+ year wait for everyone like in the case of MtGox)?
Ok, now the Security Commission of the Bahamas has frozen FTX’s assets. Was the withdrawal by Bahamian account holders supervised by the Security Commission from the beginning? (Or have they been digging an even bigger hole for themselves?)