FTX and its associated debtors said on Dec. 30 that nearly $300 million seized by the Bahamas’ main securities regulator was transferred without approval.

The debtors asserted that the Bahamas Securities Commission (SCB) instructed former FTX CEO Sam-Bankman Fried and his associate Gary Wang to send $296 million of digital assets to a Fireblocks cryptocurrency wallet controlled by the regulator.

The assets allegedly transferred by Bankman-Fried include 195 million FTT, 1,938 ETH, and other assorted cryptocurrencies without significant value.

Though those assets were worth $296 million in November, their value is now just $167 million. FTX noted that although the SCB holds said assets, the regulator may not be viable to sell this large quantity of FTT tokens at current spot prices — or at all.