Bahamas authorities seized $3.5 billion in assets from FTX after bankruptcy

By Christopher Hutton

Published December 30, 2022 3:29pm ET

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Bahamas authorities seized $3.5 billion in assets from FTX after bankruptcy — Authorities in the Bahamas acquired more than $3.5 billion in digital assets from the crypto exchange FTX after the company filed for bankruptcy. The authorities acquired the assets due to a risk of “imminent dissipation,” according to a statement provided by FTX founder Sam Bankman-Fried. The funds were taken after reports of cyberattacks on FTX’s […]

Authorities in the Bahamas acquired more than $3.5 billion in digital assets from the crypto exchange FTX after the company filed for bankruptcy.

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Bahamas Cryptocurrency FTX