Bahamian Regulator Holding $3.5 Billion of FTX Customer Assets

The Securities Commission of the Bahamas has been holding on to more than $3.5 billion worth of FTX customer assets since Nov. 12, according to a statement from the regulator.

The funds are stored on "digital wallets controlled by the Commission, for safekeeping". The assets will remain in the Commission’s control until the Bahamas Supreme Court orders their return to FTX customers and creditors.