The Securities Commission of the Bahamas claims that it has moved $3.5 billion from FTX’s Bahamian subsidiary, FTX Digital Markets, into its own digital wallets for “safekeeping” while former FTX CEO Sam Bankman-Fried awaits trial in the United States. CNBC reports that the Securities Commission of the Bahamas recently announced that it has seized $3.5 billion worth of cryptocurrency from failed crypto exchange FTX. In a statement released on Thursday, the watchdog confirmed that it had seized the cryptocurrency from FTX’s Bahamian subsidiary, FTX Digital Markets.
