As of Nov. 12, the Bahamian Securities Commission had custody of FTX deposits worth more than $3.5 billion, according to a press release the BSC issued late Thursday.
About $372 million worth of tokens were taken from the exchange shortly after FTX declared bankruptcy by an unidentified individual who is believed to be an outside hacker.
The Commission stated in its media statement that it “determined that there was a significant risk of imminent dissipation as to the digital assets under the custody or control of [FTX] to the detriment of its customers and creditors”.
In light of media reports of a cyberattack on FTX and potential looting of FTX-controlled wallets by former employees.
The statement said that assets will be retained until the Bahamas Supreme Court orders the Commission to transfer them to the clients and creditors who possess them.
The $3.5 billion in tokens that were moved, according to the Commission, were no longer accessible to FTX founders Sam Bankman-Fried and Gary Wang.
