FTX says Bahamian regulators maintain $296m, not $3.5bn in firm belongings By Reuters

© Reuters. An FTX brand and illustration of cryptocurrencies are seen by means of damaged glass on this illustration taken December 13, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – FTX on Friday challenged claims by the Bahamas Securities Fee that the regulator held $3.5 billion in belongings from the bankrupt cryptocurrency trade.

When FTX’s digital belongings had been transferred to the regulator in November, they had been price simply $296 million, FTX stated in an announcement.