According to an announcement from the Bahamas' Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as “joint provisional liquidators” for FTX. The securities regulator also applied to have Brian Simms, a senior partner of Bahamas-based commercial law firm Lennox Patton, as a provision liquidator on Nov. 10.

“Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers ...to further protect the interests of clients, creditors, and other stakeholders globally of FTX Digital Markets Ltd,” said the Securities Commission.

The regulator added: “Over the coming days and weeks, the Commission expects to engage with other supervisory authorities on a regulator-to-regulator basis as this event is multijurisdictional in nature.”