PwC Partners to Oversee FTX Assets as Court Appointed Liquidators
- Securities Commission ‘moved swiftly’ to protect clients
- Regulator working with Bahamian police to investigate exchange
The PricewaterhouseCoopers offices stand in London.
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The Supreme Court of the Bahamas approved partners from PricewaterhouseCoopers, also known as PwC, as provisional liquidators to oversee the assets of crypto exchange FTX.
The Bahamas Securities Commission wrote in a statement that it “moved swiftly to use its regulatory powers” to further protect clients. Sam Bankman-Fried’s FTX empire filed for Chapter 11 bankruptcy in Delaware on Friday. FTX is registered in the Bahamas.