FTX Japan would let customers withdraw funds … if only anyone could log in FTX's Japanese outpost has teased good news for investors in the collapsed and disgraced trading platform – then dashed their hopes. The crypto exchange's Japanese outpost was thought to be in better shape than the rest of the company, thanks to Japan's regulations that require such operations to hold more assets than other …
As Bankman-Fried met with regulators, he also began splashing huge amounts of money around in political and philanthropic circles. Over the 18 months before FTX's implosion, he donated some $40 million to election campaigns and PACs, most of it in support of Democratic candidates. Others on his team, meanwhile, invested heavily on the other side of the aisle. Ryan Salame, a senior executive at FTX, donated $23 million, most of it to Republican efforts.
The money didn't go unnoticed. In March, as The American Prospect reported, eight members of Congress — four Republicans and four Democrats — wrote a letter to the SEC that questioned its authority to require crypto companies like FTX to provide information to the agency. FTX employees had donated between $2,900 and $11,600 to five of the signers. The company and Salame combined had given $2.75 million to a super PAC associated with the National Republican Congressional Committee, which is headed by the letter's lead signatory, Rep. Tom Emmer.
== Bring us Dabbsy back! ==
I suspect the problem is they relied on web services provided by FTX or FTX.US, most or all of which are apparently now broken. Molly White reported that NFTs issued using the FTX.US platform were broken by the update the FTX.US's website that posted the bankruptcy notice.
(I'd make a web3 joke, but my guess is these were all regular old web 2.0 RESTful or RESTish JSON services.)
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2025
