The Royal Bahamas Police Force has announced that officers of the Financial Crimes Unit are working with the Securities Commission of The Bahamas [SCB] investigating FTX Digital Markets.

FTX filed for Chapter 11 bankruptcy last week after a bailout deal with Binance feel through. Subsequently, SCB announced in a press statement that it had frozen the assets of FTX Digital Markets locally and had approached the Supreme Court for the appointment of a liquidator.

SCB has also said that it has not authorized or suggested to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian clients.