By Jessie Coghlan
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market. Here’s a breakdown of where it began and where it is now.
All dates are Coordinated Universal Time (UTC). Updates are in reverse order — the latest updates are at the top.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.
Nov. 12: Regulator denies allowing withdrawals for Bahamian clients
The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commission vehemently denied a Nov. 11 statement from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds.