Bahamian regulator says it seized $3.5 billion of FTX crypto assets for 'safekeeping'

The watchdog said the funds are being held on a "temporary basis" until it is directed by the country's Supreme Court to deliver them to customers and creditors, or to liquidators.

The regulator took the funds after receiving information from Bankman-Fried concerning cyberattacks on the systems of FTX's Bahamian unit, it said.The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange FTX.late Wednesday, the watchdog confirmed the total sum taken from FTX's Bahamian subsidiary, FTX Digital Markets, and added that the funds were moved into its own digital wallets "for safekeeping.

The funds were valued at over $3.5 billion, based on market pricing at the time of transfer, according to the Commission. The transfer took place on Nov. 12, the day after FTXThe Bahamian securities commission said the funds are being held on a "temporary basis" until it is directed by the country's Supreme Court to deliver them to customers and creditors, or to liquidators of the insolvency estate.

The regulator said it took the funds after receiving information from Sam Bankman-Fried, FTX's disgraced co-founder, concerning cyberattacks on the systems of FTX's Bahamian unit.

Source: Financial Digest (financialdigest.net)

Great so they can put that money back and g fck themselves

it will be an achievement if they can keep it from getting looted

No not really

CNBC, Called me the 10T trillion dollar Man because that's what came out of the Stockmarket in 2022 trying to hold down TQQQ and you know who😎

“The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency ” LOL! 3.5 billion of what?

FTX was a money laundering scheme for the democrats

So in other words they stole it

TQQQ & VIX, Are you getting it yet! Just look at how odd they're moving around. Anyone, who knows the game Also know, it ain't the same. Why is this you ask, but know because I told you and now it's exposed. I'm a powerful adversary and influencer. Hate it or Love it.

“I have $3,000,000,000 in imaginary internet currency locked in my office safe”

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