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Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets

30 December 2022
in Blockchain
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Regulators in the Bahamas Are Holding .5 Billion in FTX Customer Assets
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Shortly after FTX filed for bankruptcy, about $372 million worth of tokens were stolen from the exchange by an unknown actor thought to be an external hacker. Given media reports of a cyberattack on FTX, and possible looting of FTX-controlled wallets by former employees, the Commission said in its media statement it “determined that there was a significant risk of imminent dissipation as to the digital assets under the custody or control of [FTX] to the prejudice of its customers and creditors.”

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