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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

FTX Crypto Sam Bankman-Fried Bahamas BlockFi FDM FTT
Sam Bankman-Fried, founder and chief executive of FTX cryptocurrency derivatives exchange
Sam Bankman-Fried, the founder of FTX. The Bahamian securities regulator has also appointed a liquidator. Photograph: Bloomberg/Getty

The Bahamas securities regulator has frozen the assets of the Bahamas subsidiary of FTX, as the world’s second largest cryptocurrency exchange struggles for survival.

The Securities Commission of the Bahamas said on Thursday it had frozen the assets of FTX Digital Markets and related parties, as well appointing a liquidator for the unit.

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