Troubles for bankrupt cryptocurrency exchange FTX are growing by the day, most recently in the Bahamas, where it was once headquartered.

The Supreme Court of the Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled cryptocurrency exchange to pay the regulator reimbursements for holding its digital assets after filing for bankruptcy on Nov. 11.

The Supreme Court placed FTX’s digital assets under the supervision of the Securities Commission on Nov. 12. In its announcement, the commission acknowledged the judgment, noting that all reimbursements will be subject to Supreme Court approval. The official statement, obtained by Cointelegraph, reads:

“The order obtained today confirms that the Commission is entitled to compensation under the law and that FDM shall ultimately bear the Commission’s costs of protecting these assets for the benefit of FDM’s clients and creditors, in a manner similar to other normal costs of administering FDM’s assets for its clients and creditors Interests.”

The Bahamas Securities Commission’s digital asset custody service for FTX also fueled a conspiracy to suggest the commission was behind multiple FTX wallet hacks. However, Black Hat’s money transfer model involves money laundering techniques, which eliminates the chances of a government agency being behind the hack.

related: SBF, FTX execs reportedly spent millions on Bahamas properties

FTX’s bankruptcy filing exposed several financial holes in the disgraced cryptocurrency exchange’s balance sheet. The exchange currently owes $3 billion to its 50 largest creditors, while the total number of creditors themselves could exceed 1 million.

Ray III, who oversaw Enron’s bankruptcy proceedings, has been named as FTX’s new interim CEO, and he hasn’t flinched during the Chapter 11 filing. He described the situation as the worst he had seen in his corporate career, highlighting the “complete failure of corporate controls” and the lack of reliable financial information.