According to the Securities Commission of The Bahamas, it took $3.5 billion from FTX.
The total sum taken from FTX's subsidiary, FTX Digital Markets, was confirmed in a media release.
Some of FTX's digital assets were held by the regulators, but they didn't specify how much.
According to the Commission, the funds were worth over $3.5 billion. FTX filed for Chapter 11 protection in the U.S. on the day of the transfer.
The funds are being held on a temporary basis until the Supreme Court of the country orders them to be delivered.
Sam Bankman- Fried, FTX's disgraced co- founder, gave the regulators information about cyberattacks on the systems of FTX's Bahamian unit.
The assets under the control of FTX Digital Markets were at risk of being lost.
FTX was the target of a suspected hack after it filed for Chapter 11. The identity of the person is unknown.
The FTX collapse and subsequent legal proceedings have led to scrutiny on the part of the Bahamian regulators.
The commission wanted to handle insolvency proceedings for FTX. FTX claimed that it coordinated with Bankman- Fried to transfer its digital assets to its own custody.
Lawyers for FTX refused to give the liquidators access to the company's computer systems because they didn't trust the government of the Bahamas.
The former CEO of FTX was arrested in the Bahamas and extradited to the U.S., where he is awaiting trial on charges of fraud, conspiracy to commit money laundering and conspiracy to defraud the U.S.
Michael Lewis, author of "The Big Short", is said to have visited his family home after he was released on bail.
Bankman-Fried is expected to plead guilty in federal court in New York on January 3.
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