Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday.

The Securities Commission of the Bahamas (SCB) published a statement on Twitter Saturday suggesting that a recent tweet by FTX admitting that Bahamian users were able to withdraw funds at the regulator's urging was inaccurate.

FTX said in a tweet "per our Bahamian HQ's regulation and regulators, we have begun to facilitate withdrawals of Bahamian funds" on Thursday.SCB said it had not "directed, authorized or suggested to FTX Digital Markets" that it prioritize withdrawals for Bahamian users in its statement Saturday.

"The Commission further notes that such transactions may be characterized as voidable preferences under the insolvency regime and consequently result in clawing back funds from Bahamian customers," it said. "In any event, the Commission does not condone the preferential treatment of any investor or client of FTX Digital Markets Ltd. or otherwise."