The Securities Commission of the Bahamas says it didn’t order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX’s statement (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:
Filing: crypto exchange FTX US is under investigation by Texas’ securities regulator over allegations it offers unregistered yield-bearing securities products  —  Texas securities regulator’s director said he set up a yield-bearing account on FTX US, despite identifying his address as being located within the U.S.

Nikhilesh De / CoinDesk:
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can’t operate normally amid “lack of clarity” around FTX  —  BlockFi had made a deal with FTX earlier this year.  —  Crypto Lender BlockFi said it could not conduct business …

Lydia Beyoud / Bloomberg:
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator  —  The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”

Nikhilesh De / CoinDesk:
Bankruptcy filings: FTX CEO John J. Ray III appoints new directors, discloses conversations with “dozens” of regulators, and estimates creditors at over 1M  —  FTX filed its first substantive look at the exchange’s bankruptcy process days after declaring bank

Nikhilesh De / CoinDesk:
FTX US warns users to close their positions as it might halt trading in the coming days, hours after SBF said in a Twitter thread that FTX US was “100% liquid”  —  Sam Bankman-Fried said the FTX US entity’s users would be able to withdraw all their funds.

Brady Dale / Axios:
The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license  —  New guidance from the U.S. Treasury Department’s Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash for lawful transactions to withdraw their stuck funds.