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FTX says Bahamas regulators hold $296 million, not $3.5 billion of company’s assets

(Reuters) – FTX on Friday disputed the Securities Commission of the Bahamas’ claims that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets.

Illustration shows FTX logo and representation of cryptocurrencies

(Reuters) – FTX on Friday disputed the Securities Commission of the Bahamas’ claims that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets.

When the digital assets of FTX were transferred to the regulator in November, their value was just $296 million, FTX said in a statement.

(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)

By Reuters

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