On Thursday, the Bahamian Securities Commission revealed its control over more than $3.5 billion worth of cryptocurrencies that belong to FTX customers. The Bahamas regulator obtained these https://www.financemagnates.com/terms/c/cryptocurrencies/” target=”_blank” id=”b091101e-6e02-4b36-aa0e-7c972dfdd6ed_2″ class=”terms__main-term” rel=”noopener”>cryptocurrencies with an order from the country’s Supreme Court.
Bahamas Regulator Safekeeping $3.5B FTX Customer Assets
The regulator highlighted that it would continue to hold on to the crypto assets until the order of the Supreme Court comes through to return them to creditors and customers of the collapsed cryptocurrency exchange.
“The digital assets transferred on 12 November 2022 to digital wallets under the exclusive control [of] the Commission are being held by the Commission on a temporary basis…
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