Bahamian regulators have frozen the assets of FTX Digital Markets and related parties, according to a press release.

The Securities Commission of the Bahamas also suspended FTX’s registration and appointed attorney Brian Sims as a provisional liquidator.

The commission said they were aware of public statements showing customers’ assets being mishandled, mismanaged and/or transferred to Alameda Research.

“Based on the commission’s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful,” the commission said.

Author: Tris Bell