FTX.com Assets Frozen by Bahamas as Crisis Engulfs Empire
- Agency appoints provisional liquidator to take control of unit
- At FTX US, staff seek asset sales amid warning about payroll
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FTX.com had its assets frozen in the Bahamas, where the crypto exchange is based, as more signs emerged that mogul Sam Bankman-Fried’s empire is crumbling.
The decision to freeze FTX Digital Markets was “the prudent course of action” to preserve assets and stabilize the company, the Bahamas Securities Commission said in a statement Thursday. An attorney has been appointed provisional liquidator -- an initial step in assessing whether a company is sound or should be liquidated.