The Bahamas Securities Commission has already obtained district court approval for its procedures. It has appointed two members of the audit firm PwC as liquidators to oversee the Bahamas subsidiary FTX.
“Given the scale, urgency and international ramifications of the events surrounding FTX, the Commission recognized the need to act and acted quickly,” the Bahamas Stock Exchange Commission said. She added that they must protect the interests of customers, creditors and other stakeholders around the world.
Since deposits are not insured in any way, unlike traditional bank accounts, people will lose money traded on the exchange. Kurzy.cz server reported that investors hold $180 billion worth of cryptocurrency on the exchange. These were ordinary users as well as large investment companies.
Billionaire Cryptocurrency Debunk. The FTX exchange has declared bankruptcy, and people will lose their money
Internet and PC
FTX declared bankruptcy after clients withdrew about six billion dollars (140 billion CZK) from its platform within 72 hours. Meanwhile, rival trading platform Binance has pulled out of its plan to acquire cryptocurrency exchange FTX.
FTX founder Sam Bankman-Fred lives in the Bahamas. There was speculation that he had fled to South America, but he denied this over the weekend, saying he was still in the Bahamas.
Escape to South America? The head of the bankrupt cryptocurrency exchange FTX denies this
Internet and PC
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