The Bahamian Securities and Commission seized $3.5B of FTX deposits.
Sam Bankman informed the authorities to take over the digital assets.
After approval of the Bahamas court, the assets will be returned to its customers.
The demise of the FTX crypto exchange created a great impact on the whole crypto space. Still the market is bearish with downfall in prices of all crypto assets and in all crypto related businesses. In that case, after the collapse FTX filed a bankruptcy in the court to solve the ongoing crises.
In just a few hours after filing bankruptcy, almost $372M worth of tokens was looted from the FTX exchange. Thus, remembering the hacks and attacks, the CEO of FTX, Sam Bankman confessed to Bahamian Securities.
The Bahamian Securities Commission took control of all the digital assets worth $3.5 billion of FTX. It is the deposits of the FTX customers. So as a customer concerns, Bankman informed the Bahamas to take custody over these assets.
FTX deposits Under the
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