The Bahamas Securities Commission has assumed control of all digital assets of FTX Digital Markets (FDM).
“Immediate interim regulatory action was necessary to protect the interests of FDM’s customers and creditors,” the commission said in a statement.
FTX Step from Bahamas Editor
The Bahamas Securities Commission transferred its assets to a digital wallet that FTX Digital Markets controls on November 12.
The Bahamian organizer, in a press release on November 12 at 19.00;
He said that “FTX Digital Markets has taken the action to ensure that all its digital assets are transferred to a commission-controlled digital wallet.” Assets began mysteriously coming out of FTX accounts late on November 11, and the company itself was unsure of what was going on. The Securities Commission’s statement continues: “Immediate interim regulatory action was necessary to protect the interests of FDM’s customers and creditors.”
FTX filed for Chapter 15 bankruptcy protection, which is offered primarily to companies operating outside the United States, in the U.S. Bankruptcy Court in the Southern District of New York on November 15. FTX, Alameda, and over 100 companies filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware on November 11. No further details were provided by the Bahamian editor on the matter.
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