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Withdrawals halted yet one of the FTX hot wallets had hundreds of thousands of BUSD and USDC going out earlier today.
by imdsm 4y ago
Withdrawals halted yet one of the FTX hot wallets had hundreds of thousands of BUSD and USDC going out earlier today.
- ryanSrich 4y agoIf you're in the Bahamas you can withdraw. People on Twitter with millions in FTX have been paying Bahaman citizens to KYC their accounts so they can withdraw. This is obviously highly illegal.
- ineedasername 4y agoWhat makes it/why is it illegal?
- sangnoir 4y agoGetting a mule to attest they own an account they do not obviously is illegal, and does an end run against KYC laws
- ineedasername 4y agoAh, I didn’t realize they were pretending to be someone else, I just assumed they were being given permission by the owners in some way. If I had a chunk of money there it seems like it would be less risky to buy a plane ticket.
- xeromal 4y agoA few of my buddies were able to change out 1000 or so dollars each to BTUSD or something like that. Not really into crypto so I don't know the details but they just exchanged 100$ at a time or so and it took a few hours for each transfer to confirm