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Bahamian authorities directed Sam Bankman-Fried to transfer hundreds of millions of dollars of crypto
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From FTX into a wallet managed by the Securities Commission of The Bahamas.
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The Commission confirmed in a Thursday press release that it had ordered the transfer.
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According to the statement, officials from the Commission "took action to direct the transfer of all digital assets [FTX]
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Into a digital wallet controlled and monitored by the Commission, for safekeeping."
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FTX filed a November 17th filing claiming that the Bahamian government had "unauthorized access" to FTX systems.
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Bankman-Fried was directed to transfer the funds.
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