Bahamas Securities Authority Suspends’s Assets


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While the investigations around Sam Bankman-Fried continues, Bahamas security authorities announced to freeze’s assets. The Bahamas Securities Commission has claimed that the decision to freeze FTX assets was a cautious one.

Furthermore, authorities have also appointed a temporary liquidator to analyze the possibilities regarding the company’s position and to find if the firm has to be liquidated. Meanwhile, Sam Bankman-Fried has cleared that he is not opting to file any bankruptcy as he is working towards new funding of nearly $9.4 billion. Bahamas’ is also known as FTX Digital Markets which is functioning as an alternative for FTX trading.

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