{"id":514036,"date":"2022-11-22T13:07:50","date_gmt":"2022-11-22T10:07:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-ordered-to-pay-reimbursement-fees-to-bahamian-regulators\/"},"modified":"2022-11-22T13:07:50","modified_gmt":"2022-11-22T10:07:50","slug":"ftx-ordered-to-pay-reimbursement-fees-to-bahamian-regulators","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-ordered-to-pay-reimbursement-fees-to-bahamian-regulators\/","title":{"rendered":"# FTX ordered to pay reimbursement fees to Bahamian regulators"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a373b32624dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a373b32624dc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-ordered-to-pay-reimbursement-fees-to-bahamian-regulators\/#%E2%80%9D_FTX_ordered_to_pay_reimbursement_fees_to_Bahamian_regulators_%E2%80%9C\" >&#8221; FTX ordered to pay reimbursement fees to Bahamian regulators  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_ordered_to_pay_reimbursement_fees_to_Bahamian_regulators_%E2%80%9C\"><\/span>&#8221; FTX ordered to pay reimbursement fees to Bahamian regulators  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMWI3YjM0NDAtZmM3ZS00YThmLWE3Y2ItYTUxNjVjYmI2YzZiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>The bankrupt cryptocurrency exchange FTX\u2019s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters.<\/p>\n<p>The Supreme Court of Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled crypto exchange to pay reimbursement fees to the regulator for holding its digital assets post its bankruptcy filing on Nov. 11.<\/p>\n<p>The Supreme Court placed FTX\u2019s digital assets under the supervision 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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval from the Supreme Court. The official statement obtained by Cointelegraph read:<\/p>\n<blockquote><p>\u201cThe 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\u2019s customers and creditors, in a manner similar to other normal costs of administering FDM\u2019s assets for the benefit of its customers and creditors.\u201d<\/p><\/blockquote>\n<p>The Bahamian Securities Commission\u2019s 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 fund transfer patterns of the black hat involved money laundering techniques, which eliminated the chances of a government body behind the hack.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>SBF, FTX execs reportedly spend millions on properties in the Bahamas<\/em><\/strong><\/p>\n<p>The FTX bankruptcy filing exposed several financial holes in the disgraced crypto exchange\u2019s balance sheet. The exchange currently owes $3 billion to 50 of its biggest creditors, while the total list of creditors could exceed a million itself. <\/p>\n<p>John Ray III, who oversaw the Enron bankruptcy proceedings, has been appointed as the new interim CEO of FTX and he didn\u2019t hold back during the Chapter 11 filing. He described the situation as the worst he has seen in his corporate career, highlighting the \u201ccomplete failure of corporate controls\u201d and an absence of trustworthy financial information.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-ordered-to-pay-reimbursement-fees-to-bahamian-regulators\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX ordered to pay reimbursement fees to Bahamian regulators &#8220; The bankrupt cryptocurrency exchange FTX\u2019s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled crypto&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMWI3YjM0NDAtZmM3ZS00YThmLWE3Y2ItYTUxNjVjYmI2YzZiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135489,74894,74863,74860,135234,127241,71433,70934],"class_list":["post-514036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bank-accounts","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-ftx","tag-ftx-token","tag-court","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=514036"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514037"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}