Following the abrupt collapse of its exchange, FTX declared bankruptcy last week. The Bahamas Securities Commission said today that it has gained court clearance to hire two partners from the Bahamas and Hong Kong to oversee the unwinding of FTX Digital Markets, a critical component of FTX. The situation was described as “unique” in the petition, stating that “just a week ago, FTX, headed by its co-founder Sam Bankman-Fried, was recognised as one of the most renowned and creative organisations in the crypto market.”
