FTX Says Bahamas Regulators Hold Only $296 Million Of Company’s Assets
According to Reuters, FTX refuted the statement that the Securities Commission of the Bahamas (SCB) holds $3.5 billion worth of the exchange digital assets. any of the cryptocurrencies seized, the company said it would seek the recovery of any assets that have been taken.
FTX said in a statement that when SCB seized its digital assets in November of this year, they were worth only $296 million. SCB said on Thursday that it had controlled more than $3.5 billion in digital assets of the exchange, which will be used to repay the customers and other creditors in the future. SCB did not specify the type of assets or their value. SCB began the liquidation of its Bahamian subsidiary, FTX Digital Markets Ltd.
Source
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