Bahamas Securities Commission Holding Over $3.5 Billion in FTX Client Assets From Nov. 12, according to a regulatory statement published late Thursday.
The agency stated that Money is stored in “A digital wallet regulated by the Commission for Security,” as the Commission said in a statement. The assets will remain in the custody of the Commission until the Supreme Court of the Bahamas orders them to be returned to FTX customers and creditors.
The regulator previously noted that it had transferred FTX Digital Markets assets to a regulated digital wallet in November.
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The post The Bahamas Authority to hold $3.5 billion worth of FTX client assets until Bahamas Supreme Court Order to return FTX customers and creditors appeared first on Bitcoin Addict.