In a media release late Thursday, the watchdog confirmed the total sum taken from FTX's Bahamian subsidiary, FTX Digital Markets, and added that the funds were moved into its own digital wallets "for safekeeping."The funds were valued at more than $3.5 billion, based on market pricing at the time of transfer, according to the commission.After FTX filed for bankruptcy, it was targeted in a suspected hack that saw $477 million drained from the firm's crypto wallets.In response, the Bahamian regulator said that the claims were "inaccurate," and that its decision to move the funds was taken to protect the interests of clients and investors.Bankman-Fried, 30, also FTX's former CEO, was arrested in the Bahamas and subsequently extradited to the United States, where he is awaiting trial on charges of fraud, conspiracy to commit money laundering, and conspiracy to defraud the U.S. and violate campaign finance laws."