Bahamas Securities Commission: We made the right decision for FTX assets

The Bahamas Securities Commission (SCB) said the ongoing hacking attempts against FTX have proven that FTX has made the right decision to “secure” its digital assets.

The Bahamas Securities Commission has warned that ongoing “hacking attempts” on FTX’s digital assets, on 12 November He said the exchange proved they were making the right call to take control of their assets.

On the day FTX filed for bankruptcy on Nov. 11, the crypto community reported about $266.3 million Transfer markings were made on the blockchain indicating that there was an output of Money outflows on 12 November 650 million dollars appeared to be on it.

The commission also explained that due to the “nature of digital assets” and “risks associated with hacking and compromise”, it has requested an order from the supreme court covering the transfer of all digital assets to the commission for “protection” from FTX.

SCB said that FTX Digital Markets (FDM) ordered all its digital assets to be transferred to a government-controlled digital wallet on November 12. on 17 November In its latest statement, it said it was exercising its authority as a regulator, acting under the authority of the supreme court order, and moving assets “for storage into a commission-controlled digital wallet.”

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