The Bahamas Securities Commission (BSC) has frozen the assets of FTX Digital Markets (FDM) and “related parties” on November 10, also suspended FTX’s registration in the country, and the Supreme Court of the Bahamas appointed an interim liquidator said the BSC in a statement shared by local media.
The BSC added that it was aware of “public statements suggesting that client assets were mishandled, managed and/or transferred to Alameda Research.”
“No assets of FDM, customer assets or trust assets held by FDM may be transferred, assigned or otherwise dealt with, without the written approval of the provisional liquidator,” it said. The directors of FTX were also stripped of their powers.
JUST IN: The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets and related parties. pic.twitter.com/Kvsslqy8v0
— Eyewitness News Bahamas (@ewnewsbahamas) November 10, 2022
UPDATE: The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties.
FTX is registered in the Bahamas, while FTX US is an independent entity based in the United States.
The BSC said it will work with the designated liquidator to “obtain the best possible outcome for FTX’s customers and other stakeholders.”
This is a developing story and will be updated as more information becomes available.
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