The Securities Commission of the Bahamas (SCB) said it ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the Commission on Nov. 12.
In a statement on Nov. 17, the SCB said it exercised its powers as a regulator to operate under the authority of the Supreme Court order. move property to “The digital wallet regulated by the Commission for Security”
SCB gave reasons by stating that “Interim regulatory action is urgently needed. to protect the interests of FDM’s customers and creditors.”
On November 11, the crypto community discovered a number of suspicious transactions in wallets linked to FTX and FTX.US, with analysts reporting that approximately $663 million had been drained and suspected of being stolen. $477 million, while the remainder is believed to have been moved to secure storage by FTX itself.
However, the SCB statement did not mention the number of FDM digital assets that were moved as a result of their order.
Board order It comes just two days after the board freed FDM’s assets on Nov. 10, at which time It also stated that FDM’s assets could only be moved with the approval of a Supreme Court-appointed interim liquidator.
The post Bahamas Regulatory Authority It has ordered all digital assets of FTX Digital Markets to be transferred to a wallet owned by the Commission. To be safe appeared first on Bitcoin Addict.