Securities Commission Of The Bahamas Freezes Assets Of FTX
| Published date | 16 November 2022 |
| Law Firm | Bahamas Financial Services Board |
| Author | Ms Christina Rolle |
Nassau, The Bahamas, Thursday 10 November 2022 - Today, the Securities Commission of The Bahamas (the Commission) took action to freeze assets of FTX Digital Markets and related parties. The Commission also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd. (FDM).
Mr. Brian Simms, K.C. (Lennox Paton Counsel and Attorney-at Law) was appointed as provisional liquidator. Additionally, the powers of the directors of FDM have been suspended and no assets of FDM, client assets or trust assets held by FDM, can be transferred, assigned or otherwise dealt with, without the written approval of the provisional...
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