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Blogs > Crypto in a Minute > Bahamas Owns The ETH >

Bahamas Owns The ETH

Author: Jeffrey Craig Date: 2022-11-18 02:39:58

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Main Takeaway: FTX Turns Over ETH To Bahamas Government

Bahamas regulators have ordered FTX to turn over the ETH that it recently has been accumulating as a result of the “hack” and swapping of various tokens into Ethereum. Bahamas is now one of the world’s largest ETH holders. However, the situation still needs additional clarity as to how these funds will be dealt with during the bankruptcy. This is a positive first step in the process of helping innocent customers and retail to get their money back.

In other good news, the crypto markets have held up d-o-d and are up 2%. Silvergate CEO said that Bitcoin will always have buyers and stressed his optimism that the markets will recover in time.

Today’s Top Gainers

The top five performing cryptos on Phemex d-o-d are The Protocol (THE/USDT), Voyager (VGX/USDT), SafePal (SFP/USDT), Juventus Fan Token (JUV/USDT), and Volt Inu (VOLT(1K)/USDT).


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