SINGAPORE/LONDON, Nov 11 (Reuters) - Regulators are moving in on distressed crypto exchange FTX as it scrambles to raise billions in funds to stave off collapse, while its chief executive, Sam Bankman-Fried, faces heightened scrutiny.
The Securities Commission of the Bahamas has frozen assets of FTX Digital Markets, an FTX subsidiary.
FTX Australia called in administrators on Friday, the Australian Financial Review reported, citing a company statement.
Bankman-Fried is under investigation by the U.S. Securities and Exchange Commission for potential securities law violations, Bloomberg reported, citing a source.
This source said helping out FTX was the question for larger investors in FTX.