FTX Disclosure from Bahamas: $3.5 Billion in Customer Assets Seized

The Bahamas Securities Commission (SCB) announced that it has seized $3.5 billion in assets held in FTX’s wallets and known to belong to customers, for security reasons.

The Bahamas Securities Commission recently announced that it belongs to the bankrupt cryptocurrency exchange FTX. 3.5 billion dollars reported that they were temporarily confiscating worth of crypto assets. In a statement he made a short time later, the FTX founders made a statement to the Bahamas Supreme Court. Sam Bankman-Fried and Gary WangIt was declared that all relations of ‘s with the confiscated assets were cut.

Suspicious transfers were observed in some exchange wallets immediately after the FTX bankruptcy, and these transfers were reported by the authorities as “hacking casewas described as ”. SCB, which stepped in after the events, had already moved a significant portion of FTX’s assets to government-controlled wallets for security reasons.

Details of the latest statement made by the Bahamas Supreme Court until they are ordered to be handed over to their owners. Billions of dollars in assets will be held in government-controlled wallets.

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