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Bahamas Government Says It Ordered SBF to Hack FTX

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Bahamian authorities ordered Sam Bankman-Fried, previously the main figurehead of the collapsed FTX exchange, to transfer hundreds of millions of dollars of crypto from FTX to a wallet controlled by the Securities Commission of The Bahamas. 

The Commission confirmed it ordered the transfer in a Thursday press release. In the statement, the Commission said that on November 12 officials “took the action of directing the transfer of all digital assets of [FTX] to a digital wallet controlled by the Commission, for safekeeping.” The note added that FTX was ordered to move the assets “to protect the interests of clients and creditors.”

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