The Securities Commission of The Bahamas now controls of all FTX digital assets

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.

AD_SHOULD_BE_HERE

"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.

AD_SHOULD_BE_HERE