FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange's Digital Assets

FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange’s Digital Assets


“The Order secured today confirms the Commission is entitled to be indemnified under the law and FDM shall ultimately bear the costs the Commission incurs in safeguarding those assets for the benefit of FDM’s customers and creditors, in a manner similar to other normal costs of administering FDM’s assets for the benefit of its customers and creditors,” the statement said. “No payment(s), however, may be made to the Commission without prior approval of the Supreme Court.”

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