TechFlow news, according to Bloomberg, shortly after FTX Digital Markets filed for Chapter 11 bankruptcy protection, regulators in the Bahamas seized $3.5 billion worth of digital assets belonging to FTX Digital Markets. The regulatory authority stated that the asset seizure was justified due to concerns arising from the SBF incident and cyberattacks targeting the trading platform, which made the Bahamas perceive a risk of the assets being "imminently dissipated."
Earlier reports indicated that the Bahamas Securities Commission said it is directing the transfer of $3.5 billion in digital assets held by FTX DM into digital wallets controlled by the Commission, with the transferred digital assets temporarily held by the Commission.Original link
