The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters.
The Supreme Court of Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled crypto exchange to pay reimbursement fees to the regulator for holding its digital assets post its bankruptcy filing on Nov. 11.
The Supreme Court placed FTX’s digital assets under the supervision of the Securities Commission on Nov. 12. The commission, in its public notice, acknowledged the judgment and noted that all reimbursements would be done after approval from the Supreme Court. The official statement obtained by Cointelegraph read:
“The Order secured today confirms the Commission is entitled to be indemnified under the law and FDM