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Bahamas Securities Authority Suspends FTX.com’s Assets

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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While the investigations around Sam Bankman-Fried continues, Bahamas security authorities announced to freeze FTX.com’s assets. The Bahamas Securities Commission has claimed that the decision to freeze FTX assets was a cautious one.

Furthermore, authorities have also appointed a temporary liquidator to analyze the possibilities regarding the company’s position and to find if the firm has to be liquidated. Meanwhile, Sam Bankman-Fried has cleared that he is not opting to file any bankruptcy as he is working towards new funding of nearly $9.4 billion. Bahamas’ FTX.com is also known as FTX Digital Markets which is functioning as an alternative for FTX trading.

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