In an affidavit filed with the Bahamas Supreme Court, Christina Rolle, the Executive Director of the Bahamas Securities Commission, confirmed that the commission is holding FTX’s $3.5 billion in assets for the time being.
FTX founders Sam Bankman-Fried and Gary Wang lost access to the company’s assets in November. In a recent official announcement, it was said that FTX and Liquid Japan would be making a way for customers to get their own money out of the platforms.
As a result, they frankly stated that they “do not trust” the Bahamian government with data that could be used to siphon off the company’s assets. After FTX said it was going bankrupt, Bahamian officials hired liquidators to wind down the company’s international trading business.
Bankman-Fried was recently granted bail using the equity in his parents’ Palo Alto, California, home. A long list of requirements had to be met in order for him to continue to be free while he faced the charges brought against him.
