FTX must bear all expenses related to digital wallets holding its assets and kept under the supervision of the Securities Commission, ordered the Bahamian Supreme Court.
of the Securities Commission on Nov. 12. The commission, in its public notice, acknowledged the judgment and noted that all reimbursements would be done after approval from the Supreme Court. The official statement obtained by Cointelegraph read:
“The Order secured today confirms the Commission is entitled to be indemnified under the law and FDM shall ultimately bear the costs the Commission incurs in safeguarding those assets for the benefit of FDM’s customers and creditors, in a manner similar to other normal costs of administering FDM’s assets for the benefit of its customers and creditors.”
The Bahamian Securities Commission’s digital asset custody services for FTX also gave fuel to the conspiracies suggesting the commission was behind the hack of multiple FTX wallets. However, the involved money laundering techniques, which eliminated the chances of a government body behind the hack.
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