Already a subscriber?An FTX Australia director tried to withdraw $800,000 of his own money from the cryptocurrency exchange in the week that the company’s parent collapsed after failing to stem an $US8 billion run on funds.
Mr Kennedy worked in FTX’s Sydney office. He attempted to pull his holdings from FTX on November 9, according to the creditor’s report. But, like thousands of Australians who were unable to withdraw their deposits from the platform, Mr Kennedy’s requests were not processed, and he joined the list of creditors.FTX collapsed on November 12.
Because the value of cryptocurrencies has soared, the value of the recovered FTX assets will be enough to cover the claims in US dollar terms, the administrators have said.
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