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Bahamian Regulators Freeze FTX Assets
Summary: 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 ...
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
Tags: Bahamian,FTX Digital Markets,provisional liquidator,Regulators,Securities Commission of the Bahamas
Link: Bahamian Regulators Freeze FTX Assets [Copy]
