FTX assets worth $3.5bn held by Bahamas securities regulator
by Dan Milmo Global technology editor from World news | The Guardian on (#67AT3)
Authority says it is holding digital assets until they can be returned to creditors and former customers
The Bahamas securities regulator has said it has seized assets worth $3.5bn (2.9bn) from the failed cryptocurrency exchange FTX and plans to return them to creditors and former customers.
The Securities Commission of the Bahamas said it had transferred all digital assets under the custody or control of FTX Digital Markets, a Bahamas subsidiary of the FTX operation, to its own digital wallets for safekeeping".
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