FTX crypto exchange users cashing out through Bahamas loophole
FTX is experiencing unusual trading patterns, most of which are related to digital collectibles (NFTs).
-These patterns suggest that customers are trying to access their money in any way possible.
-FTX is only allowing Bahamian customers to withdraw their money, after gating withdrawals from other countries.
-Trading volumes for nonfungible tokens (NFTs) have dropped 97% from their record high, while the price of bitcoin is down 75% from its all-time high.
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