The Supreme Court of the Bahamas approved provisional liquidators to oversee FTX Digital Markets Ltd.’s assets, according to the Securities Commission of the Bahamas. Brian Simms has been approved as a court-supervised provisional liquidator, while PricewaterhouseCoopers’ Kevin Cambridge and Peter Greaves were approved as joint provisional liquidators. The multijurisdictional nature of the FTX situation — which involves FTX Digital Markets LTd., FTX Trading Ltd., Alameda Research Ltd., and others — was also noted in the release, where the Bahamian authorities share expectations “to engage with other supervisory authorities on a regulator-to-regulator basis.”. The news follows Sunday’s release from the Royal Bahamas Police Force, which shared that a team of financial investigators from its Financial Crimes Investigation Branch are investigating if any criminal misconduct occured.
Bahamas approves provisional liquidators for FTX assets
