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The Bahamian financial regulator on Monday appointed a liquidator to run units of FTX in the country, shortly after officials said they were looking for “criminal misconduct” by the collapsed cryptocurrency exchange.

The Bahamas Securities Commission said it would, with court approval, appoint two members from PwC to oversee FTX Digital Markets Ltd, FTX’s licensed subsidiary in the country.

FTX filed for bankruptcy on Friday. In one of the most high-profile crypto explosions, a trader rushed to withdraw his $6 billion from the platform in just 72 hours, prompting rival exchange Binance to abandon a proposed bailout deal. later.

“Given the scale, urgency and international implications of the events unfolding regarding FTX, the Commission needs to further protect the interests of clients, creditors and other stakeholders around the world. We are aware of this and have acted swiftly,” the regulator said in a statement.

FTX did not respond to Reuters’ request for comment.

FTX founder Sam Bankman-Fried, who lives in the Bahamas, has also been the subject of speculation about his whereabouts, with him denying rumors that he flew to South America on Twitter.

When asked by Reuters on Saturday if he had flown to Argentina, he said “no” in a text message. Bahamian Financial Regulator Appoints Liquidator for FTX Units

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