Authorities Seize $3.5 Billion in Assets from Democratic Mega-Donor

The Securities Commission of the Bahamas announced late Thursday that it had seized $3.5 billion worth of crypto assets from bankrupt crypto exchange FTX, formerly owned and headed by disgraced billionaire and Democratic mega-donor Sam Bankman-Fried.
FTX lost nearly half a billion dollars in a suspected hack on Nov. 11, with the attack beginning just hours after it filed for bankruptcy in the U.S., CNBC reported.
The regulator decided to seize the assets on Nov. 12 because it believed there was