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The country's Securities Commission took control of the assets soon after the crypto exchange filed for bankruptcy in the US in November, reports revealed late on Friday.The
The government in The Bahamas has seized $3.5 billion in FTX digital assets, as its former CEO Sam Bankman-Fried faces a trial in the US.
After the chapter 11 bankruptcy case commenced, assets of the FTX debtors worth just under 200 million FTT were transferred without their authorization
On December 29, 2022, the Securities Commission of The Bahamas announced that it applied for directions from the Supreme Court in light of the dispute between the court-appointed joint provisional liquidators (JPLs) of FTX Digital Markets Ltd (FTXDM) and the US debtors over the JPLs’ rights of access to the records of FTXDM. The commission
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero