Bahamas regulator: The instruction for FTX to transfer assets to the Bahamas official account is to protect the interests of jurisdictional customers and creditors

ChainCatcher news, the Bahamas Securities Commission acknowledged on Thursday that the agency acted under the order of the Supreme Court of the Bahamas to exercise its powers as a regulator, directing the transfer of all digital assets of FTX Digital Markets Ltd. to a digital wallet controlled by the Commission, in order to protect the interests of clients and creditors within its jurisdiction.

Previous report indicates that court documents show FTX accused the Bahamian government of accessing FTX's systems without authorization to extract assets after the company filed for bankruptcy. FTX stated that its co-founders SBF and Gary Wang were instructed by the Bahamian regulator to carry out "specific post-application fund transfers," and that such assets are "held on FireBlocks controlled by the Bahamian government." (Decrypt)