FTX CEO: Bitcoin is better than gold

[FTX CEO: Bitcoin is better than gold] Golden Finance reported that FTX CEO said that Bitcoin is similar to gold, but it is cleaner, easier to obtain, and has a complete and auditable transaction history. So, bitcoin is better than gold.

Other news:

FTX users are buying FTX Bahamas user IDs and bribing FTX employees to withdraw coins: Jinse Finance reported that Twitter user Autism Capital, who specializes in SBF stories, posted that many people are buying FTX Bahamas user IDs and bribing FTX employees to withdraw from FTX Bahamas. Take your own funds. Jinse Finance found that user AlgodTrading successfully withdraws 2.1 million USDT after spending $100,000 for KYC certification; Austerity Sucks tweeted that it is willing to pay $1 million and unlimited legal fees for FTX employees to change the KYC certification to Bahamas; crypto KOL Cobie also found a 0x26 address to withdraw 21 million USDT from FTX. [2022/11/11 12:50:54]

Informed sources: FTX US employees are trying to sell assets in the absence of SBF: Nov. Executive SBF (Sam Bankman-Fried) was not "involved". Investment assets include stock settlement platform Embed and naming rights to a venue in Miami, the report said.

SBF has previously assured the public that FTX’s U.S. branch is in good financial shape. FTX US has also stated that FTX US is an independent entity with independent management personnel, technical infrastructure and licenses, and the exchange continues to operate normally. (The Block) [2022/11/11 12:47:01]

FTX has moved its headquarters from Hong Kong to Nassau, the capital of the Bahamas: On September 24, the headquarters of the digital derivatives trading platform FTX has moved from Hong Kong to Nassau, the capital of the Bahamas, because its regulatory environment is more friendly than Hong Kong. There was also no mandatory quarantine. FTX CEO and founder Sam Bankman-Fried, known simply as SBF, said the “positive approach towards cryptocurrencies in the Bahamas and its regulators” was one of the main reasons FTX moved to the country. At the same time, he said, "FTX will be regulated by the DARE Act issued by the Bahamas Securities Commission in 2020, which is one of the few comprehensive regulations in the world for cryptocurrency trading platforms." (Blockworlds) [2021/9/24 17 :04:09]