{"id":40033,"date":"2022-11-11T05:55:51","date_gmt":"2022-11-11T09:55:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=40033"},"modified":"2022-11-12T12:48:34","modified_gmt":"2022-11-12T16:48:34","slug":"bahamas-regulator-freeze-ftx-assets","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bahamas-regulator-freeze-ftx-assets\/","title":{"rendered":"Bahamas regulators freeze FTX\u2019s Assets"},"content":{"rendered":"\n
Still, on the FTX liquidity issue, Bahamas securities regulators have frozen the assets of FTX.com<\/a> an action regarded as a “prudent course”<\/h5>\n\n\n\n
\"Bahamas
Bahamas regulator freeze FTX\u2019s Assets<\/figcaption><\/figure>\n\n\n\n

Over the past few years, FTX.com has operated out of the Bahamas, where it was registered. In order to determine if the corporation is sound or needs to be liquidated, the authorities have also appointed a provisional liquidator\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

After the crisis unraveled over the past week, this is the first significant action taken by a securities regulator on FTX.com. The FTX CEO, however, has refrained from declaring bankruptcy and has been attempting to secure $9.4 billion in new finance. The regulator of the Bahamas stated in its statement:<\/p>\n\n\n\n

\n

\u201cThe commission is aware of public statements suggesting that clients\u2019 assets were mishandled, mismanaged, and\/or transferred to Alameda Research. Based on the commission\u2019s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The Bahamian division of FTX Trading, popularly known as FTX.com, is called FTX Digital Markets<\/a>. Customers can purchase derivatives, options, as well as other goods and services, from it.<\/p>\n\n\n\n

FTX shuts down Alameda Research <\/h2>\n\n\n\n

The head of FTX also made the decision to close Alameda Research<\/a>, the firm's trading house that has been at the center of the current problem, public on Thursday. <\/p>\n\n\n\n

Additionally, the SEC is looking into Sam Bankman-Fried for any possible securities law violations. Ryne Miller, general attorney for FTX US, wrote to his team in an internal message:<\/p>\n\n\n\n

\n

\u201cFTX US looks prepared to make payroll at least in the next cycle. Folks should prepare to make their own choices as appropriate for their personal situation on next steps.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

SBF claimed in a tweet on Thursday that FTX US was “100% liquid” and that FTX.com's business activities had no financial influence on it. However, users have been asked to close any open holdings because FTX US may stop trading in a few days.<\/p>\n","protected":false},"excerpt":{"rendered":"

Still, on the FTX liquidity issue, Bahamas securities regulators have frozen the assets of FTX.com an action regarded as a “prudent course” Over the past few years, FTX.com has operated out of the Bahamas, where it was registered. In order to determine if the corporation is sound or needs to be liquidated, the authorities have […]<\/p>\n","protected":false},"author":12,"featured_media":10970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[4518,1526,778],"class_list":["post-40033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-bahamas","tag-digital-assets","tag-ftx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/FTX-Crypto-exchange-relocates-its-headquarters-to-the-Bahamas.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=40033"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10970"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=40033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=40033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=40033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}