FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration
NEW YORK: FTX has disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding US$3.5bil (RM15.4bil) of the bankrupt cryptocurrency exchange’s assets.
When the Commission seized the digital assets of FTX in November, they were worth just US$296mil (RM1.3bil), FTX said in a statement. FTX urged the commission to “clear up any confusion” about the assets it holds and their value.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
