FTX's new management is at odds with regulators in the Bahamas over who should control billions in cash and cryptocurrency assets that are presently out of customers’ reach
last week installed liquidators at the exchange’s Bahamas-based unit FTX Digital Markets Ltd. to recover its assets and deposits from other FTX entities after they ruled it was insolvent.
Bahamas regulators said on Thursday they had swept the local subsidiary’s assets to a government-controlled wallet “for safekeeping” and to protect the interests of clients and creditors.
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