NOVEMBER 12, 2022 BY HENNESSY AJANG

The honeymoon between FTX CEO, SBF, and the Bahamas appears to be ended. On Thursday, the West Indian country’s Securities Commission issued a directive to indurate the means of the worried cryptocurrency exchange FTX.
The Securities Commission of The Bahamas stated in a statement, “ moment the Securities Commission of The Bahamas took action to indurate means of FTX Digital requests and affiliated parties. ” The commission also suspended FTX’s operation enrollment and requested that a provisional liquidator be appointed by the Supreme Court of The Bahamas, according to the statement.

The letter, which was participated by the Nassau Guardian on Twitter, comes after a week of difficulties for Sam Bankman- Fried, a former cryptocurrency darling, and SBF’s exchange, preliminarily among the biggest cryptocurrency exchanges in the world.
The association claimed to be apprehensive of claims that FTX’s means were handled, managed, or given to Alameda Research inaptly. The commission stated that FTX Digital Markets should be placed into provisional liquidation to “ save means and stabilize the company ” and that these conditioning may have been illegal.

The agency further stated,
“ The Commission is committed to working with the provisional liquidator to endeavor to gain the stylish possible outgrowth for the guests and other stakeholders of FTX. ”

On November 6, 2022, Binance CEO Changpeng “ CZ ” Zhao blazoned that the largest cryptocurrency exchange in the world was dealing its effects of FTT, the native commemorative of contender