The cryptocurrency enterprise has been banned in mainland China, however evidently Chinese clients nevertheless can get entry to a number of the maximum famous crypto exchanges.
According to nearby media reports, FTX, a crypto change that went bankrupt after being hacked in December remaining 12 months and re-emerged as an offshore platform for crypto buying and selling, maintains to exist in China.
The corporation turned into based through former personnel of Shanghai-primarily based totally Trust.com — an internet platform with extra than two hundred million customers worldwide. The corporation's servers are positioned at a server farm in Hong Kong, that is operated through VPS Managed Services Ltd., in keeping with its website.
Trust.com introduced on Wednesday that it had closed down all its merchandise in China because of anti-cash laundering legal guidelines and the ban on cryptocurrency buying and selling imposed through regulators there. However, FTX persisted working absolutely in spite of those restrictions.