Securities Commission of The Bahamas – DIGIT INFO

Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies

DIGIT — Thu, 05 Jan 2023 00:30:40 +0000

The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission is disappointing,” the Bahamian regulator stressed. Bahamas Regulator and FTX Disagree on the […]

Go to Source

Bahamas regulator denies asking crypto exchange FTX to mint new tokens

DIGIT — Tue, 03 Jan 2023 07:04:48 +0000

Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control

Go to Source

Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX

DIGIT — Sat, 31 Dec 2022 00:30:38 +0000

The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by the Commission on a temporary basis.” Bahamas Regulator Seizes FTX’s Cryptocurrencies The Securities […]

Go to Source

FTX under ‘active’ civil and criminal investigation: Bahamas AG

DIGIT — Mon, 28 Nov 2022 06:33:05 +0000

Bahamian Securities Commission, the Prime Minister’s financial intelligence unit, and a financial crimes unit are all involved in the FTX investigation.

Go to Source

Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors

DIGIT — Sat, 19 Nov 2022 01:30:17 +0000

The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator. Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies for ‘Safekeeping’ The Securities Commission of […]

Go to Source

Bahamian securities regulator ordered the transfer of FTX’s digital assets

DIGIT — Fri, 18 Nov 2022 03:24:44 +0000

The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12.

Go to Source

Regulator denies asking FTX to prioritize withdrawals for Bahamian clients

DIGIT — Sun, 13 Nov 2022 02:44:00 +0000

The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations.

Go to Source