The securities regulator of the Bahamas announced that it seized $3.5 billion in digital assets controlled by FTX Digital Markets last month.
. Its remaining funds are now split between the company and the regulator that formerly oversaw it on behalf of the island nation.from the Securities Commission of The Bahamas first details the process it took to act under the authority of the nations courts, then it says, "The Commission ... took the action of directing the transfer of all digital assets of under the custody or control of FTXDM or its principals, valued at more than US$3.5 billion, ...
It does not detail which crypto assets were seized. Any of the more volatile assets, such as bitcoin, will have lost considerable value since Nov. 12. Stablecoins such as tether or dai would be worth much the same as they were.
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