Bahamas Freezes FTX Assets, Calls for Liquidator

InfoNesia.xyz – It appears the honeymoon is over between SBF and the Bahamas. The Securities Commission of the West Indies nation issued an order on Thursday to freeze the assets of the embattled cryptocurrency exchange FTX.

“Today the Securities Commission of The Bahamas took action to freeze assets of FTX Digital Markets and related parties,” the agency wrote, adding that the commission also suspended FTX’s operation registration and asked the Supreme Court of the Bahamas for a provisional liquidator to be appointed.

Today, the Securities Commission of The Bahamas took action to freeze the assets of FTX Digital Markets. The Commission also applied to the Supreme Court for the appointment of a provisional liquidator of FTX. pic.twitter.com/1sy7yQWnAN

— Nassau Guardian (@GuardianNassau) November 10, 2022

The letter, posted by the Nassau Guardian on Twitter, follows a week of trouble for one-time crypto golden boy Sam Bankman-Fried and FTX, once one of the largest cryptocurrency exchanges in the world.

The agency said it is aware of statements suggesting that FTX’s assets were mishandled, mismanaged, or transferred to Alameda Research. The commission called these actions potentially unlawful and said the “prudent course of action” was to put FTX Digital Markets into provisional liquidation to “preserve assets and stabilize the company.”

FTX Relocates From Hong Kong to Bitcoin-Friendly Bahamas

Behemoth cryptocurrency exchange Binance has been cagey about where it’s located. Its biggest competitor has no such issues. FTX, the second-most-popular crypto trading platform, has officiall…