In the days following the collapse of the Bahamas-based FTX, the Securities Commission of the Bahamas kept a low-profile, releasing a trickle of press releases and hanging up the phone on inquiring journalists.
That changed with a bombshell on Thursday night, when the agency—a kind of supercharged version of the U.S. Securities and Exchange Commission—announced that it had directed FTX’s Bahamian subsidiary to direct the transfer of all its digital assets to a wallet controlled by the Commission “for safekeeping.”
