Other

Media release

2022-11-10 [vendor] Securities Commission of the Bahamas freezes FTX assets
Primary Source ↗

Incident Details

The Securities Commission of the Bahamas (where FTX is headquartered) announced they had frozen the assets of FTX and “related parties” — presumably Alameda. They also disclosed that they had suspended FTX’s registration, and appointed a provisional liquidator.The announcement went on to say, “The Commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research. Based on the Commission’s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful.”

Technical Details

Initial Attack Vector
Protocol collapse / insolvency
Vendor / Product
Securities Commission of the Bahamas freezes FTX assets

Timeline

  1. 2022-11-10 Breach occurred
  2. 2022-11-10 Publicly disclosed