FTX founders Sam Bankman-Fried and Gary Wang had no right to transfer FTX digital assets to The Securities Commission of The Bahamas (SCB) in the days after the cryptocurrency exchange’s collapse, FTX’s debtors, who are involved in Chapter 11 bankruptcy proceedings in the United States allege in a new statement. It was in response to
The Securities Commission of The Bahamas (SCB) is holding $3.5 billion worth of digital assets it recovered from FTX Digital Markets (FTXDM) with the help of FTX founders Sam Bankman-Fried and Gary Wang in the days after FTX’s collapse in early November, SCB Executive Director Christina Rolle said in a court document. In a 500-page affidavit