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The Securities Commission of The Bahamas now controls of all FTX digital assets
11/18/2022

The Securities Commission of The Bahamas said on Thursday it has ordered all digital assets of FTX Digital Markets Ltd (FDM) transferred to a digital wallet controlled by the Commission for safekeeping, per Reuters.

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"Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the commission said in a statement.

This is unprecedented action, with more developing. It is estimated at least $600M was transferred.

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