The authorities of the Bahamas confiscated $ 3.5 billion assets of the FTX crypto exchange for their safety

The authorities of the Bahamas timely took control of $ 3.5 billion of digital assets of the bankrupt crypto exchange FTX. As noted in statement The Bahamas Securities Commission (SCB), this was done on November 12, that is, the day after FTX filed for bankruptcy. This was done to protect these funds from potential theft.

As noted in the commission’s statement, a few hours after the announcement of the bankruptcy of the FTX crypto exchange, tokens totaling about $ 372 million were stolen from the platform, and almost $ 700 million were lost in a day. FTX founder Sam Bankman-Fried, the statement said, warned Commission on the cyberattacks that have taken place against the platform. In this connection, the commission decided that there is a significant threat of loss of the remaining digital assets of the crypto exchange. She received a court order and transferred the FTX funds to secure digital wallets. The commission’s actions were approved and confirmed by the Supreme Court of the Bahamas on November 16. The statement also says that this measure is temporary, and at a certain time the commission will transfer these assets to clients and depositors who are the owners of these assets.

Meanwhile, the commission continues to investigate the circumstances collapse FTX crypto exchanges. The other day, FTX users filed a collective lawsuit against the exchange and its former top managers, including Sam Bankman-Fried. The plaintiffs demand to recognize that all the funds that were transferred by the users of the exchange are not its property, but must be returned to them. Founder FTX is currently in the US, where he was extradited as part of an investor fraud case.

Alena Miklashevskaya