The Bahamas seizes digital assets from bankrupt FTX unit for 'safekeeping' | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX

The Securities Commission of The Bahamas announced Thursday night it has directed the transfer of all digital assets of FTX Digital Markets, The Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection on Tuesday. The regulator said those assets are being transferred to a digital wallet controlled by the Bahamas regulator for “safekeeping.” “Urgent interim regulatory action was necessary to protect the interests of clients and creditors” of FTX Digital Markets, the agency said.

The move comes hours after the former Enron lawyer overseeing FTX’s bankruptcy made a series of alarming revelations in a court filing about the chaos at the crypto exchange. The filing painted the picture of a crypto empire that was massively mismanaged and potentially fraudulent, including unreliable financial statements, the mishandling of confidential data and the use of corporate funds to buy homes for employees in the Bahamas.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

40 ish million went to Democrats . This was retirees money .. they should return this with No bitching .. it’s not their money .. returnfunds

Bitcoin ความสำเร็จเครื่องมือโจรตลาดทุน..ควายตัวอ้วนๆ ก็ต้องขับเคลื่อน เพื่อให้ตัวเองรอด รอควายตัวอ้วนๆตัวใหม่ๆ รับช่วงความฉิบหายต่อไป..การเอาเงินไปลงขันปั่นราคา มันจะเกิดดอกผลมาจากไหน นอกจากรอเงินควายหลงเข้ามาให้เชือด..มันคือยุคควายมีใบปริญญา เต็มเมือง

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
Source: Cointelegraph - 🏆 562. / 51 Read more »