Securities Commission of the Bahamas Archives

Bahamas Regulators Seize Crypto Assets from FTX Worth $3.5 Billion for 'Safekeeping'

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Bahamas Regulators Seize Crypto Assets from FTX Worth $3.5 Billion for 'Safekeeping'

January 1, 2023 Jeffrey Fleming0Tagged Bahamas, CEO, Sam Bankman-Fried, Securities Commission of the Bahamas, United States

The Securities Commission of the Bahamas claims that it has moved $3.5 billion from FTX’s Bahamian subsidiary, FTX Digital Markets, into its own digital wallets for “safekeeping” while former FTX CEO Sam Bankman-Fried awaits trial in the United States.