What does the Bahamas' Securities Commission say about FTX?

The Securities Commission of the Bahamas said it will consult with other regulators and authorities around the world to get the “best possible outcome” for the creditors, clients and stakeholders of FTX.

What happened to FTX?

The Securities Commission of the Bahamas said Thursday it seized some $3.5 billion in FTX assets "for safekeeping" after the crypto exchange's bankruptcy and hacks on the system. Fox Business

What is the value of ftx's Bahamas withdrawal?

FTX's team said the Bahamian group had no right to move money and called the Bahamas withdrawals "unauthorized." Data firm Elliptic estimated the value of the transfer, which was initially thought to be a hack, to be around $477 million.