TechFlow news on November 11: According to an announcement released by Bahamian authorities and cited by Coindesk, regulators in the Bahamas have frozen the assets of FTX Digital Markets and related parties, calling it a "prudent action" to "protect assets and stabilize the company." The Securities Commission of the Bahamas has also suspended FTX's registration and appointed a lawyer as interim liquidator of its assets. FTX, headquartered in the Bahamas, is a separate entity from FTX US. In its press release, the Commission stated, "The Commission is aware of public statements indicating that customer assets were improperly handled, mismanaged, or transferred to Alameda Research. Based on information available to the Commission, any such conduct would violate normal governance standards, occur without customer consent, and may be unlawful."
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