FTX says Bahamas regulators hold $296 mln, not $3.5 bln of company's assets

FTX says Bahamas regulators hold $296 mln, not $3.5 bln of company's assets

FTX on Friday disputed the Securities Commission of the Bahamas' claims that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange's assets.

When the digital assets of FTX were transferred to the regulator in November, their value was just $296 million, FTX said in a statement.

Also Read: Stop blaming The Bahamas for FTX collapse, foreign minister says

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