On Thursday, the Securities Commission of the Bahamas said that it has ordered the transfer of all digital assets held by FTX Digital Markets Ltd (FDM) to a government-controlled wallet for ‘safekeeping.’ The order was issued last Saturday.
“The Securities Commission of The Bahamas (‘the Commission’), in the exercise of its powers as regulator acting under the authority of an Order made by the Supreme Court of The Bahamas, took the action of directing the transfer of all digital assets of FTX Digital Markets Ltd. (‘FDM’) to a digital wallet