FTX Company Assets In The Bahamas Frozen!

Bahamian regulators have frozen the assets of FTX Digital Markets, a subsidiary of Sam Bankman-Fried’s cryptocurrency empire, Bloomberg reports.

The Bahamas Securities Commission is seeking a temporary liquidator for the assets, according to Bloomberg.

Assets of FTX Digital Markets Company Frozen by Bahamian Regulators

In the news shared on a local media portal of the Bahamas, it is seen in the official document regarding this decision taken by the authorities:

“The Bahamas Securities Commission took action today to freeze the assets of FTX Digital Markets. The Commission also appealed to the Supreme Court to appoint a temporary liquidator to FTX.”

According to a press release on Thursday, Bahamian regulators froze the assets of FTX Digital Markets and related parties, calling it a “prudent course of action” to “protect assets and stabilize the company.”

Today, the Securities Commission of The Bahamas took action to freeze the assets of FTX Digital Markets. The Commission also applied to the Supreme Court for the appointment of a provisional liquidator of FTX. pic.twitter.com/1sy7yQWnAN

— Nassau Guardian (@GuardianNassau) November 10, 2022

The Bahamas Securities Commission also suspended FTX’s license and appointed an attorney as the temporary liquidator of the assets. This company is headquartered in the Bahamas and is a separate entity from FTX US.

In the official statement, the island country used the following statements:

“The Commission is aware of public statements suggesting that clients’ assets are misused, mismanaged and/or transferred to Alameda Research. According to the information obtained by the Commission, such actions would be contrary to normal management, without the consent of the client and potentially unlawful”.

The news was first announced by Bloomberg.

not long ago cryptocurrency It was learned that customer assets in the stock exchange FTX were transferred to Alameda Research.

*Not investment advice.