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Bahamas Securities Regulator Blasts 'Inaccurate' Accusations Made by FTX

The Securities Commission of The Bahamas is firing back at collapsed crypto exchange FTX's accusations that the country had directed unauthorized access to transfer assets off the platform after it filed for bankruptcy protection in the U.S.

In a Wednesday notice, the regulator called the allegations "intemperate and inaccurate," and said it had sought the order from the country's Supreme Court to protect the embattled exchange's digital assets against "the risks associated with hacking and compromise."

(By Sandali Handagama)


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