Bahamian regulator holding $3.5 billion of FTX customer assets

Quick Take

  • The Bahamas’ Securities Commission took custody of a chunk of customer assets following a security breach that drained millions from FTX after the crypto exchange filed for bankruptcy protection on Nov. 11.

The Securities Commission of the Bahamas has been holding on to more than $3.5 billion worth of FTX customer assets since Nov. 12, according to a statement from the regulator released late on Thursday. 

The decision to take custody of the funds, specifically from the crypto exchange’s FTX Digital Markets Ltd, followed security concerns. Hours after the collapsed crypto exchange filed for