cryptonews.net
The authorities of the Bahamas have seized the assets of the FTX Digital Markets Ltd registered in the country for more than $3.5 bln. This happened on November 12, just after the owner of the FTX crypto exchange filed for bankruptcy in the US court in accordance with Article 11 of the US Bankruptcy Code, according to a statement from the Bahamas Securities Commission, published on Thursday, December 29.
The regulator took this step because of the risks of the "imminent dissipation" of these funds against the backdrop of the threat of cyber attacks on the crypto exchange. The founder of FTX, Sam Bankman-Fried, informed the Bahamian authorities about these risks, the statement says. At the moment, the country's authorities are investigating the "web" linking FTX.com, registered in the Bahamas as FTX Digital Markets, and trading company Alameda Research, the regulator also said.
Crypto exchange FTX filed for bankruptcy on November 11. In a statement, it said $372 mln was stolen from the platform as a result of a hacker attack. Analyst platform Nansen estimates that $700 mln was taken off the exchange that day as a result of misconduct. The US Department of Justice is currently conducting a separate investigation into the missing funds.
Image: Forbes