Regulator denies asking FTX to prioritize withdrawals for Bahamian clients

Regulator denies asking FTX to prioritize withdrawals for Bahamian clients


The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. 

In a statement on Nov. 12, the securities commission vehemently denied the contents of a Nov. 11 statement from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds.

“The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets, Ltd. the prioritization of withdrawals for Bahamian clients,” read the statement, which was shared on the SCB’s Twitter page. 

Securities Commission Addresses FTX Statement on Bahamian Withdrawals pic.twitter.com/OZKWwicSuN

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— Securities Commission of The Bahamas (@SCBgov_bs) November 12, 2022

Since FTX paused withdrawals on Nov. 9, the crypto exchange’s customers have been

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