The Securities Commission of The Bahamas has secured an order from the Supreme Court to receive reimbursements for expenses incurred for regulatory action in connection with FTX Digital Markets. The Supreme Court earlier ordered the Commission to safeguard the digital assets of FTX in a digital wallet.
FTX To Reimburse Bahamas Securities Commission
The Securities Commission of The Bahamas in a Tweet on November 22 announced receiving approval from the Bahamas Supreme Court to get reimbursement from FTX for securing the digital assets of FTX Digital Markets in a government-controlled digital wallet.
“Securities Commission of The Bahamas secures court order for right of indemnity and reimbursement.”
The Supreme Court last week ordered the Commission to safeguard the digital assets of FTX Digital Markets to protect customers and creditors. The Commission directed the transfer of digital assets to a government-controlled digital wallet.
នេះ ការកុម្មង់ថ្មី by the Supreme Court entitled the Commission to a right of indemnity and the right to be reimbursed for expenses incurred with the regulatory action taken to safeguard the digital assets of FTX Digital Markets. Thus, FTX Digital Markets must bear all costs associated with it. Moreover, payments must be made after approval by the Supreme Court.
Meanwhile, the Securities Commission of The Bahamas will continue to coordinate with liquidators to work for the interests of customers and creditors.
“The Commission will hold accountable any companies or individuals found responsible for the violation of any laws administered by the Commission.”
FTX Contagion Tanks Crypto and Risks Bankruptcy for Genesis
FTX contagion has spread to several ការផ្លាស់ប្តូរអ៊ីនគ្រីប and companies, especially Genesis. Barry Silbert’s DCG and Genesis are now looking to raise $500 million in emergency funding. It faced trouble raising $1 billion.
Moreover, Ram Ahluwalia, CEO of Lumida Wealth Management, in an interview explained Genesis is not just facing liquidity issues, but also insolvency. He believes Genesis Lending will file for bankruptcy and Genesis Trading will continue to operate.
តម្លៃ Bitcoin និង Ethereum continue to dive lower, with BTC and ETH trading at $15,727 and $1,087, respectively.
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/just-in-bahamas-supreme-court-orders-ftx-to-pay-for-regulatory-action/