What does the Bahamas' Securities Commission say about FTX?

The Securities Commission of the Bahamas said it will consult with other regulators and authorities around the world to get the “best possible outcome” for the creditors, clients and stakeholders of FTX.

Did FTX steal $3.5 billion from Bahamian crypto exchange?

The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange FTX. In a media release late Thursday, 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.”

Did SCB seized FTX's assets?

Dec 30 (Reuters) - FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange's assets. When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement.

Who is overseeing FTX digital markets Ltd?

The Securities Commission of The Bahamas said it had won court approval and appointed two members from PwC to oversee FTX Digital Markets Ltd, a subsidiary of FTX licensed in the country.