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here's what this is. it's very sneaky.
it's person A w/ funds stuck on FTX, and person B with a bahamian kyc'd account.
B makes a market, email@example.com.
A buys B's offer and sells B's bid over and over, transferring funds from A's account to B's at ~6% of amount each roundtrip https://t.co/5gTtTCDgXs
— Eli Williams (@elitwilliams) November 10, 2022
Apparently this is a Bahamas account withdrawing other people's funds for them.
They are likely bypassing the internal balance transfers block by selling NFTs on FTX's NFT marketplace -- eg. Bahamas account creates an NFT, the stuck user buys the NFT with their full balance. https://t.co/VphzwQprdQ
— Cobie (@cobie) November 11, 2022
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