The regulator of the Bahamas markets — equivalent to the Brazilian Securities Commission (CVM) — announced last Friday (30) the seizure of digital assets valued at US$ 3.5 billion from a local FTX operation, in mid-November, when the cryptocurrency exchange collapsed.
FTX managers disputed the announced amounts, claiming the assets would be worth $296 million when transferred, or $167 million corrected at current spot prices.
Christina Rolle, executive director at the Bahamian regulatory body, said in a made public statement that the commission sought control of crypto assets held by FTX Digital Markets last month after FTX co-founder Sam Bankman-Fried told local authorities under oath about a hacking attempt.
His testimony, filed with the Supreme Court of the Bahamas, also confirmed that the regulator used Bankman-Fried and another FTX co-founder, Gary Wang, to make the transfers happen.
Rolle’s statement provides new insight into how regulators in the Bahamas, where FTX ran its doomed US exchange operation, responded when the company collapsed, including sweeping its local assets into government-controlled portfolios. Those tokens were valued at $3.5 billion at the time of transfer, according to the CEO.
Source: CNN Brasil
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