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Regulator Denies Asking FTX to Prioritize Withdrawals for Bahamian Clients

In a statement on Nov. 12, the Securities Commission of The Bahamas (SCB) denied a Nov. 11 statement from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds.

“The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets, Ltd. the prioritization of withdrawals for Bahamian clients,” read the statement which was shared on the SCB's Twitter page. 

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