Bahamas Regulator Assumes Control of FTX Digital Markets Assets

Securities Commission of the Bahamas says it directed the transfer of all digital assets of FTX Digital Markets, or FDM, to a digital wallet that the commission controls, for safekeeping.

• “Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM,” commission said
• Commission said its understanding is that FDM is not a party to the US Chapter 11 bankruptcy proceedings
• Commission said it will engage with regulators and authorities in multiple jurisdictions in coming days and weeks to address matters affecting FDM creditors, clients and stakeholders
• Statement

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