Bahamian Regulators Say It Seized $3.5B of FTX Assets

The Securities Commission of The Bahamas announced that it seized $3.5 billion worth of cryptocurrency assets from the now-bankrupt and collapsed crypto exchange FTX. Per a media release issued on Thursday, the Bahamian authority said the total amount taken from FTX’s Bahamian subsidiary, FTX Digital Markets, along with added funds has been moved into its own digital wallets “for safekeeping.