Nassau, The Bahamas, Wednesday 23 November 2022 - The
Securities Commission of The Bahamas ("the Commission")
issues the following statement with respect to certain remarks made
by FTX Trading Ltd. and certain of its affiliates, in connection
with their motion to transfer the venue (the "Transfer
Motion") of the Chapter 15 proceedings of FTX Digital Markets
Ltd. ("FDM") that were commenced to assist the
provisional liquidators appointed by the Supreme Court of The
Bahamas in the discharge of their duties with respect to FDM.
FDM was incorporated in the Commonwealth of The Bahamas on 22
July 2021; it was duly registered as a digital asset business under
The Bahamas' Digital Assets and Registered Exchanges Act, 2020
(the "DARE Act").
