An FTX logo and a representation of cryptocurrencies are seen through broken glass in this illustration taken December 13, 2022. REUTERS/Dado Ruvic/Illustrationby the Securities Commission of the Bahamas that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange's assets.
When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement. FTX urged the commission to "clear up any confusion" about the assets it holds and their value. The regulator began liquidation proceedings against FTX Digital Markets Ltd., the company's Bahamas-based unit, in November. FTX said it will seek the return of any assets seized, because FTX DM is only a "local service company" which does not own the FTX.com exchange or any of the cryptocurrency seized.over $3.5 billion in cryptocurrency and was holding those funds for future repayment to FTX's customers and other creditors.
Con
Well, not anymore…
Really buried the goods. SBC & unknown, united entity FTX at odds w SBC and highlighting that... yadda yadda: SBF Arraignment Jan. 3rd Present CEO says FTX lost $8B! Can we see a headline from this angle?
Somebody lying.
Who wrote the statement?
PLP and FNM teamed up to “lose” the rest. 😂🤣