The Block: FTX US encourages employees to move to Miami headquarters by mid-November

ChainCatcher news, according to sources cited by The Block, FTX US is encouraging employees to move to the Miami headquarters by mid-November. Although other FTX offices in the U.S. have not been completely shut down, they are being scaled back. A knowledgeable source added that this move is to have employees in one place and ensure they can communicate well; currently, most of the available positions on FTX's recruitment page are located in Miami.

Previously in September, FTX CEO Sam Bankman-Fried (SBF) announced the relocation of its U.S. headquarters from Chicago to Miami. (The Block)