The Bahamas Securities Fee (BSC) has frozen the property of FTX Digital Markets (FDM) and “associated events” on Nov. 10, it additionally suspended FTX’s registration within the nation and the Bahamian Supreme Courtroom appointed a provisional liquidator, the BSC mentioned in an announcement shared by native media.
The BSC added it was conscious of “public statements suggesting that purchasers’ property had been mishandled, mismanaged and/or transferred to Alameda Analysis.”
“No property of FDM, consumer property, or belief property held by FDM may be transferred, assigned, or in any other case handled, with out the written approval of the provisional liquidator,” it mentioned. Administrators of FTX additionally had their powers stripped.
JUST IN: The Securities Fee of The Bahamas has frozen the property of FTX Digital Markets and associated events. pic.twitter.com/Kvsslqy8v0
— Eyewitness Information Bahamas (@ewnewsbahamas) November 10, 2022
FTX is registered within the Bahamas, with FTX US a seperate, United States-based entity.
The BSC mentioned it’ll work with the appointed liquidator to “acquire the absolute best final result for the shoppers and different stakeholders of FTX.”
This can be a creating story and might be up to date as extra info is made obtainable.
