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Bahamas Seized $3.5 Billion FTX Assets on Custody ConcernsIn
2 years ago
1
Bahamas Seized $3.5 Billion FTX Assets on Custody Concerns
In a late Thursday, the watchdog confirmed the total sum taken from FTX’s Bahamian subsidiary, FTX Digital Markets, and added that the funds were moved into its own digital wallets “for safekeeping.”
• The Bahamian securities commission said the funds are being held on a “temporary basis” until it is directed by the Bahamas’ Supreme Court to deliver them to customers and creditors, or to liquidators of the insolvency estate.
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