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Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets

Concerns over the security of assets in FTX custody prompted the authorities to take control of them.

Updated May 9, 2023, 4:05 a.m. Published Dec 30, 2022, 6:35 a.m.
FTX Founder Sam Bankman-Fried being extradited back to the United States from the Bahamas (Royal Bahamas Police Force)
FTX Founder Sam Bankman-Fried being extradited back to the United States from the Bahamas (Royal Bahamas Police Force)