Regulators in the Bahamas are holding on to $3.5 billion worth of FTX assets that it claims are intended to be transferred to those who were monetarily affected by the crypto-fallout as customers of the company have filed a lawsuit to get their dues prioritized.
After crypto exchange FTX filed for bankruptcy in November, around $372 million worth of tokens were stolen from the company by an unknown actor. Based on the information regarding the cyberattack provided by former CEO Sam Bankman-Fried, the Securities Commission of The Bahamas determined that there was a “significant risk of imminent dissipation” of digital assets owned or under the control of FTX….