FTX Digital Market assets frozen by Bahamas regulator; provisional liquidator appointed

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The Securities Commission of the Bahamas, where the embattled crypto exchange FTX is headquartered, on Thursday froze assets of FTX Digital Markets and its related parties, according to a statement. Brian Simms, a partner at the Nassau law firm Lennox Paton, was appointed as provisional liquidator, according to the statement. Directors at FTX will be prohibited from transferring or dealing with client or trust assets without the written approval of the provisional liquidator. FTX faces a shortfall of up to $8 billion, according to several media reports. FTX is a separate entity from FTX.US, which targets U.S. customers.

This article was originally published by Marketwatch.com. Read the original article here.

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