FTX Digital Markets Assets Frozen in the Bahamas

The Securities Commission of the Bahamas said that it froze the assets of FTX Digital Markets Ltd. and related parties on Thursday and appointed a provisional liquidator, WSJ Pro reported. FTX Digital Markets, based in the Bahamas, is a subsidiary of FTX Trading Ltd. owned by billionaire Sam Bankman-Fried. The powers of the directors of FDM have been suspended and no assets held by the firm can be transferred without the provisional liquidator’s approval, the commission said. Read more.