FTX Debtors and the Bahamas regulator lay different claims on amount transferred
Published on December 31, 2022
By Priya NV
FTX Debtors states that the crypto transferred to the Bahamas Securities Commission was valued at $296 million
This number falls short of the billions of dollar claim made by the commission
FTX Debtors is working towards having these assets transferred back
FTX has made an official announcement on the total amount of money sent to the Bahamas Securities Commission. Interestingly, there seems to be a difference in claims on the amount transferred. While the Bahamas regulatory authority claims over billions were sent in crypto, FTX Debtors states that the amount was in millions, at the time of transfer.
FTX assets with missing numbers
In a press release, FTX Debtors claimed that the amount transferred by the platform to the commission was around $296 million at the time of transfer. It also claimed that the cryptocurrencies transferred to the authorities were 195 million FTT, 1938 Ether, and other “miscellaneous coins that do not have substantial value”. The press release further read,
“The Bahamas Commission has acknowledged that it orchestrated these transfers, and retains the digital assets in a single digital wallet at Fireblocks, consistent with what is shown on the blockchain.”
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