FTX's digital assets have been frozen by Bahamian regulators who said they're seeking 'the best possible outcome' for FTX customers.
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and"related parties" on Nov. 10, it also suspended FTX's registration in the country and the Bahamian Supreme Court appointed a provisional liquidator, the BSC said in a statement shared by local media.
The BSC added it was aware of"public statements suggesting that clients' assets were mishandled, mismanaged and/or transferred to Alameda Research." "No assets of FDM, client assets, or trust assets held by FDM can be transferred, assigned, or otherwise dealt with, without the written approval of the provisional liquidator," it said. Directors of FTX also had their powers stripped.
JUST IN: The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets and related parties.
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