Breaking: Bahamas securities regulator freezes FTX assets
The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator. The Bahamas Securities Commission (BSC) — the country's securities regulator — froze the assets of FTX Digital Markets (FDM) and "related parties" on Nov. 10 and suspended FTX's registration in the country.In a statement the BSC said it was aware of "public statements suggesting that clients' assets were mishandled, mismanaged and/or transferred to Alameda Research."Alameda is a trading firm founded by FTX CEO Sam Bankman-Fried, a leaked balance sheet from....
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The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities Regulator Takes Action Against FTX The Securities Commission of the Bahamas announced Thursday that it has taken action to “freeze assets of FTX Digital Markets and related parties.” FTX Digital Markets is the Bahamian subsidiary of Sam Bankman-Fried’s FTX Trading Ltd., which owns and....
“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas Law Enforcement Looks Into FTX Collapse After the Bahamas securities regulator took action against FTX on Nov. 11, 2022, the country’s Securities Commission updated the public the following day. The regulating entity noted that it did not give permission to FTX to authorize withdrawals for Bahamian....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekFTX and Binances ongoing saga: Everything thats happened until nowAn earthquake rattled the crypto space this week, its impact felt in numerous related stories regarding FTX, Alameda Research and Binance. Although the bad news came rolling in this week, suspicions relating to FTXs status appear to have started on....
The Bahamas securities regulator and financial investigators are reportedly investigating the collapsed crypto exchange. An investigation of possible criminal misconduct over the insolvency of cryptocurrency exchange FTX is underway by financial investigators and the Bahamas securities regulators, according to a statement by the Royal Bahamas Police Force sent to Reuters on Nov 13. The Royal Bahamas Police stated: "In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation....
The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations. The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commission vehemently denied a Nov. 11 statement from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds. “The Commission wishes to advise....