Government Entity That Seized FTX Crypto Assets Steps Forward

Law enforcement in the Bahamas revealed on Thursday that officials seized assets belonging to defunct cryptocurrency platform FTX and moved them to a government-controlled wallet for “safekeeping.”
The cryptocurrency platform, which was controlled by young multibillionaire Sam Bankman-Fried, filed for bankruptcy last week after users discovered that trading firm Alameda Research, a company run by former Bankman-Fried love interest Caroline Ellison, had allegedly been using consumer holdings from FTX to make investments.