Bitcoin remained in a narrow trading range of $16,000 to $17,250 on Friday as the ongoing FUD continues to keep price action limited.
The Securities Commission of the Bahamas (SCB) was watching FTX earlier this week. The Financial Crimes Investigation Branch and the regulator worked together to investigate FTX's violations.
The development came after FTX announced that, at the SCB's request, it would begin allowing Bahamian funds withdrawals, which the commission quickly denied.
However, recent reports show that the SCB had already taken action against the exchange days before it launched its investigation.The regulatory body announced on November 17 that it had taken custody of the assets of FTX Digital Markets (FDM) by transferring them to a digital wallet under the SCB's jurisdiction.Read more on cryptonews.com