News for hackers. Stuff that matters.

A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by devalidating on Thursday November 10, 2022 @10:37PM (#33557045)
> FTX should not have been reachable by US citizens

Ostensibly this has already been the case. You can't even properly access ftx.com in the US. It just redirects you to the US exchange. FTX US is a distinct company from the international FTX exchange, at least according to Axios. If you still manage to get to ftx.com it gives you a banner saying its read-only, you aren't allowed to use it, and they wont let you.

FTX US is still allowing withdrawals at the moment, unlike FTX proper.

[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by colechristensen on Thursday November 10, 2022 @10:56PM (#33557161)
Well then this is a solid argument for “No regulation” being an undesirable feature of crypto and a win for Americans.
[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by steveBK123 on Friday November 11, 2022 @01:38PM (#33564824)
FTX US is such a distinct entity it is... included in the bankruptcy filing.
[ Parent | on HN ]