Securities Commission of The Bahamas Assumes Control of Assets of FTX Digital Markets

Nov 18,2022,10:50

Securities Commission of The Bahamas released a statement, saying it has taken control of FTX Digital Markets' (FDM) assets.

According to the statement, the commission transferred all FDM's digital assets to a digital wallet controlled by the commission for safekeeping. "Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the statement reads.

Source

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