Forbes: Fireblocks' assistance to the Bahamian government in transferring FTX assets sparks controversy

ChainCatcher news, according to Forbes, after the attack on FTX, the digital asset custody platform Fireblocks was commissioned by the Bahamian government to transfer and custody $400 million worth of crypto assets. This transfer was carried out with the assistance of SBF and Zixiao Wang (Gary), but at that time SBF had already resigned as CEO of FTX.

Currently, Fireblocks' system grants Bahamian authorities unilateral control over the funds. This means that Fireblocks cannot transfer the assets to another jurisdiction. Sources told Forbes that no U.S. government agency has contacted Fireblocks regarding these funds to date.

Previously, the Securities Commission of The Bahamas (SCB) announced that the asset transfer was to protect the interests of customers and creditors, did not recognize FTX's bankruptcy protection filing in Delaware, and stated that the position of Bahamian creditors is superior to other regional bankruptcy claims. (Source link)