FTX NFTs Provided Loophole For Non-Bahamas Residents Wanting to Withdraw Funds
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FTX Group has filed for Chapter 11 bankruptcy in the US, and customers have been scrambling to get their money off the platform — by any means necessary. The crypto exchange had re-enabled withdrawals on Thursday, but only in the Bahamas, the location of its headquarters and many employees. Some users without a Bahamian account themselves found a way to circumvent the system by using FTX’s NFT marketplace. The marketplace tracked over $50 million in volume in the past 24 hours despite a Bahamas securities regulator freezing the assets of local subsidiary FTX Digital Markets (FDM). Bahamian residents were buying