Crypto exchange FTX.com is threatened with liquidation

Assets already frozen

The chaos surrounding the FTX crypto exchange is coming to a head – was it?

The bad news about the ailing crypto exchange FTX is not over. The Bahamian securities regulator announced on Thursday (local time) that it had frozen the assets of FTX Digital Markets.

The Bahamas’ securities regulator announced on Thursday that it has frozen the assets of FTX Digital Markets. (archive image)

Furthermore, the insolvency administrator could take over the settlement. The supervisory authority has already filed a corresponding court request. The imbalance of a major trading platform for digital currencies like Bitcoin has kept the crypto market on edge for several days. Many customers are worried about their money.

FTX Digital Markets is a Bahamas-based company from American entrepreneur Sam Bankman-Fried’s crypto empire and operates the struggling crypto exchange FTX.com. According to the securities regulator, the company is suspected of misappropriating customer funds.

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