Bahamas regulator seizes FTX assets of $3.5 billion.

Bahamas regulator seizes FTX crypto assets of $3.5 billion.

[{"selector":"#anim-c85a619f-ca4e-48d0-a49b-2c87a5bb8529 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.9147613125612821%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In mid-November, Bahamas securities officials confiscated FTX's $3.5 billion digital assets.

[{"selector":"#anim-4336f768-9ee6-435f-ab5a-aba9c8810b68 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.70612965804232%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] FTX's U.S. managers threw doubt on Friday after the cryptocurrency exchange collapsed.

[{"selector":"#anim-c8637e2c-288c-4a70-91e7-efe5810dd668 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.534705471179954%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Last month, after FTX co-founder Sam Bankman-Fried testified under oath regarding a hacking effort

[{"selector":"#anim-1733b9bb-7f38-457c-b3c1-569c4ed04bb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(65.54807720368534%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] the commission sought possession of FTX's crypto assets.

[{"selector":"#anim-d3814ff1-41ed-4a81-a154-a7fb4d3eb95a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.057354091545232%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Ms. Rolle's account sheds light on how Bahamas officials handled FTX's failed exchange.

[{"selector":"#anim-d02abcf9-723f-46cc-970e-6ced7b5b91a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-8.843346565553801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] as the enterprise fell, including transferring local assets to government-controlled wallets.

[{"selector":"#anim-e0416d94-a9b4-49df-b955-cd4478ef00e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(46.484375083279495%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Her affidavit says those tokens were worth $3.5 billion when transferred. Learn more