The head of FTX had said that the company was completely liquid. Investors still tried to withdraw funds.
(Photo: Bloomberg)
Nassau/New York The bad news about the ailing crypto exchange FTX does not stop. The Bahamian securities regulator announced on Thursday (local time) that it had frozen assets of FTX Digital Markets. Next, an insolvency administrator could take over the settlement. The supervisory authority has already submitted a corresponding court application.
The imbalance of the large trading platform for digital currencies such as Bitcoin has kept the crypto market in suspense for days. Many customers fear for their money. FTX Digital Markets is a Bahamas-based company from US entrepreneur Sam Bankman-Fried’s crypto empire and operates the struggling crypto exchange FTX.com.
According to the securities regulator, the company is suspected of having embezzled customer funds. FTX.com had run into liquidity problems after enormous withdrawals of funds.
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