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Bahamian Regulator Holding $3.5 Billion Of FTX Customer Assets 🇧🇸

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The Securities Commission of the Bahamas (SCB) has reportedly been holding more than $3.5 billion worth of FTX customer assets in custody since Nov. 12. The regulator stated that the assets will be held until the Bahamas Supreme Court directs the SCB to deliver them to the customers and creditors who own them. It further clarified that the assets were no longer in the control of FTX co-founders and that it had never directed them to prioritise fund withdrawals for Bahamas-based clients.

https://www.theblock.co/post/198434/bahamian-regulator-holding-3-5-billion-of-ftx-customer-assets

 

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