Cointime

Cointime

Download App
iOS & Android

FTX Digital Markets Assets Frozen in the Bahamas

Cointime Official

JUST IN: The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets and related parties.

The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a subsidiary of the cryptocurrency exchange.

The regulator said it had also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd.

FTX Digital Markets, based in the Bahamas, is a subsidiary of cryptocurrency exchange FTX Trading Ltd., led by founder Sam Bankman-Fried. The powers of the directors of FDM have been suspended and no assets held by the firm can be transferred without the provisional liquidator’s approval, the commission said.

FTX
Comments

All Comments

Recommended for you

  • Circle Shares Plunge Over 16%, Hitting Largest Single-Day Drop Since June 2025

    Circle (CRCL) shares fell by more than 16% intraday, marking the largest single-day decline since June 2025. The stock is currently trading at $106.1.

  • BTC Drops Below $70,000

    Market data shows that BTC has fallen below $70,000, currently trading at $69,995.57. The cryptocurrency has seen a 1.86% decrease in the last 24 hours, indicating significant price volatility. Investors are advised to manage their risk accordingly.

  • Nasdaq Extends Losses to 1%

    The Nasdaq extended its losses to 1%.

  • Iran Denies Peace Talks Rumors; US Stocks Open Lower

    March 24th news: US stocks opened lower, with the Dow Jones Industrial Average down 0.24%, the S&P 500 index down 0.62%, and the Nasdaq Composite down 0.63%. Li Auto (LI.O) rose 2.8% after announcing a $1 billion share buyback plan. Amazon (AMZN.O) fell 1% following a "service disruption" at its Amazon Web Services (AWS) region in Bahrain. (Jinshi)

  • Tether Hires Big Four Firm for First Full Audit

    On March 24, Tether announced it has engaged one of the Big Four accounting firms to complete its first full audit.

  • BlackRock Transfers 7,552 ETH to Coinbase Prime Address

    According to data monitored by Arkham, approximately one hour ago, BlackRock transferred a total of about 7,552 ETH to a Coinbase Prime address through its Ethereum exchange-traded fund, ETHA. The value of this transfer is approximately $16.31 million. Further transfer operations may follow.

  • BTC Drops Below $71,000

    Market data shows that BTC has fallen below $71,000, currently trading at $70,989.77. The cryptocurrency has seen a 0.11% decrease in the past 24 hours. The market is experiencing significant volatility, and investors are advised to implement risk control measures.

  • Iran Appoints New Supreme National Security Council Secretary

    Tehran, March 24 (CCTV News) - It was learned on March 24 local time that Mohammad Bagher Zolghadr has been appointed as the Secretary of Iran's Supreme National Security Council.

  • State-Owned Enterprise Leaders Prohibited from Accepting Virtual Currency and Other Assets Under New Regulations

    The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council have jointly issued the 'Regulations on Clean Practice for Leaders of State-Owned Enterprises'. These regulations stipulate that leaders of state-owned enterprises are prohibited from seeking personal gain by leveraging their power or position. They are also forbidden from accepting or soliciting gifts, cash, securities, virtual currency, or other assets from affiliated enterprises of their own company, enterprises with business relationships with their company or its invested enterprises, or from entities under their management or service. This prohibition also extends to arrangements for receiving such assets after resignation or retirement.

  • US Spot Ethereum ETFs Saw $16.42 Million Net Outflow Yesterday

    On March 20th, according to data from TraderT, US spot Ethereum ETFs experienced a net outflow of $16.42 million yesterday.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company