FTX updates: towards total bankruptcy

FTX updates: towards total bankruptcy

18 November 2022


FTX’s break down increases. Different cryptocurrencies reveal that their funds are hooked by FTX.  

Other companies revealed that their money have been frozen on the - almost - actually bankrupt exchange. 

Hbit Limited, for example, announced the inability to withdraw $18.1 million before FTX closed withdrawals. 

Also Nestcoin announced its failure to withdraw funds from FTX society. 

Moreover, in Australia was suspend the FTX’s license. This license permitted to FTX group to create a market for secondary and exchange contracts to Australian retail and wholesale users. 

The Australian Securities & Investments Commission (ASIC) announced that will continue to restrict financial services only to conclude existing derivatives with customers until 19 Dec.

SOURCE: CoinTelegraph 


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