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The Securities Commission of the Bahamas (SCB) sticks to estimate of FTX assets
Abstract：According to Reuters, On Monday, the Securities Commission of the Bahamas (SCB) rejected FTX's claim that the regulator holds the digital assets of its Bahamas unit because debtors didn't give the regulator all the information.
According to Reuters, On Monday, the Securities Commission of the Bahamas (SCB) rejected FTX's claim that the regulator holds the digital assets of its Bahamas unit because debtors didn't give the regulator all the information.
In a statement last month, the SCB said it had seized FTX Digital Markets' cryptocurrency holdings to repay future customers as well as other creditors.
FTX disputed SCB's calculations, saying its digital assets seized in November were worth just $296 million and not $3.5 billion.
“Such public assertions by the Chapter 11 debtors were based on incomplete information,” the regulator said in a statement on Monday.
Following its bankruptcy filing on Nov. 11, FTX did not respond immediately to a request for comment.
To help liquidate FTX Digital Markets, Bahamas officials have sought access to FTX's records, but the company's U.S. bankruptcy team has refused.
FTX founder and former chief executive Sam Bankman-Fried was arrested on fraud charges and will be arraigned on Tuesday before Manhattan federal judge Lewis Kaplan.
John Ray, FTX's newly appointed CEO, has said the exchange lost $8 billion in customer funds.
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WikiFX Elite Club Committee Makes Its Debut, Charting the Future of the Global Trading Ecosystem
November 11, 2025 – The WikiFX Elite Club Committee (hereafter “the Elite Committee”) made its significant debut on the international stage at WikiEXPO Dubai 2025. Core members from the Middle East, Southeast Asia, and Chinese-speaking regions gathered to witness the beginning of a new chapter for the Elite Club.
Original 9h
WikiEXPO Dubai 2025 Concludes Successfully — Shaping a Transparent, Innovative Future
On November 11, WikiEXPO Dubai 2025, hosted by WikiGlobal and co-organized by WikiFX, successfully concluded. As one of the world’s most influential Fintech expos, this event brought together more than 570 regulatory representatives, industry leaders, and innovation pioneers from across the globe. Through in-depth discussions on core issues such as regulatory compliance, the forex market, investment strategies, and sustainable finance, the event delivered a profound experience that masterfully blended intellectual depth with actionable insights.
Original 21h
Russian crypto millionaire couple found dismembered and buried in Dubai desert
A gruesome case has emerged involving a Russian couple living in the United Arab Emirates who went missing in early October and whose remains were recently discovered in a desert near Dubai. Roman Novak, a self-styled cryptocurrency “millionaire”, and his wife Anna had last been seen travelling to a supposed investor meeting in the UAE, but according to investigators were instead abducted and murdered after a ransom plot failed.
Original Yesterday 16:56
Webull Introduces AI-Powered Decision Partner “Vega” to Elevate Investor Intelligence
An online investment platform named Webull, has unveiled Vega, the next evolution of its AI-powered decision partner, designed to deliver deeper, personalized insights that help investors navigate the ever-changing financial markets with confidence.
Original Yesterday 16:54
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