The Securities Commission of Bahamas (SCB) awaits court orders to release $3.5B FTX funds to its customers. While SBF reportedly withdraws over $684K.
The FTX saga takes a new turn with a Саопштење from the Securities and Commission of Bahamas (SCB) stating that they control over $3.5 billion FTX funds. Meanwhile, Sam Bankman-Fried withdraws funds from the Alameda accounts, trying to leave no trail behind.
Bahamas Regulators Await Court Orders for the Seized $3.5B FTX Funds
The SCB revealed that they took control of FTX’s assets on Nov. 12 due to a “significant risk of imminent dissipation” shortly after the firm filed for bankruptcy. The assets were valued at over $3.5 billion based on market pricing when the SCB took control.
The SCB further states that the funds are exclusively under their control. The Commission awaits orders from The Bahamas Supreme Court to direct the funds to those who own them, i.e., customers and creditors of FTX. A big relief for the FTX customers?
SBF Withdraws $684K
According to an analyst with a Twitter username- BowTiedIguana, SBF has уновчена $684K through a crypto exchange in Seychelles. The analyst discovered an old tweet of SBF from Sep. 2020, when he took control of the Сусхисвап exchange. SBF shared his address, starting with 0кД575, with the founder of Sushiswap.
Source: https://beincrypto.com/bahamas-await-court-order-to-release-3-5b-seized-funds/