- by theguardian
- 27 Nov 2022
The Securities Commission of the Bahamas said on Thursday it had frozen the assets of FTX Digital Markets and related parties, as well appointing a liquidator for the unit.
The move came as Bankman-Fried scrambled to find funds to plug a financial hole in the Bahamas-based exchange that could be as deep as $8bn (Â£6.8bn), according to multiple reports, as customers rush for the exit.
FTX customers withdrew $6bn in the 72 hours before Tuesday morning, Reuters reported, citing a message to staff at FTX, when the exchange was forced to block further redemptions in an effort to remain solvent. It has yet to restart withdrawals, is blocking new account signups and advising existing customers against making deposits with FTX.
Bitcoin, the cornerstone crypto asset, fell 2.6% on Friday to about $17,340, having jumped on Thursday when markets rallied after US inflation fell more than expected.
The Los Cabos Tourism Board introduced its new Loyalty Program, which allows travel advisors to earn redeemable rewards points for each guest night they book in the destination.read more