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The Bahamian authorities have disclosed that they're holding on to $3.5 billion worth of FTX's assets. It took control of them following the company's bankruptcy so they don't go missing.
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Sam Bankman-Fried has been arrested in The Bahamas at the request of the United States. It's likely that the U.S. will ask for him to be extradited to face charges related to FTX's mismanagement.
The financial regulators in the Bahamas have won a court ruling and appointed liquidators for the FTX unit in the country. The company currently has more than $13 billion in liabilities.
