Regulators in the Bahamas back their estimate on $3.5 billion in seized FTX crypto assets, saying the exchange's counter-claim of $296 million is due to 'incomplete information'

Jan 3 2023 by Business Insider

 

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Regulators in the Bahamas stood by their estimate on the $3.5 billion in crypto assets they seized from FTX.  They rejected FTX's claims that the assets are worth just $296 million.  "Such public assertions by the Chapter 11 debtors were based on incomplete information," the SCB said.

Regulators in the Bahamas are standing by their estimate of crypto assets seized from FTX, saying they are worth more than $3.5 billion.

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Continue Reading Regulators in the Bahamas back their estimate on $3.5 billion in seized FTX crypto assets, saying the exchange's counter-claim of $296 million is due to 'incomplete information'