A newcomer exchange is joining the financial fray developing around making markets for carbon credits trading on distributed ledger technology. The startup, Capturiant, has been given the initia...
Tag: Bahamas
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
FTX’s Physical Assets in the Bahamas
The joint provisional liquidators of FTX Digital Markets, which is the parent company’s subsidiary in that nation, has made public a report on the company’s tangible holdings in the Bahama...
FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas
The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — have released a report on the company’s physical assets in the island nation. According to an affidavi...
SBF Wished to Be “Andy” of “The Shawshank Redemption” While at Fox Hill, Bahamas
The former crypto white knight was arrested for mishandling of users’ funds and other charges by the Bahamian police on December 13, 2023, and was held at the notorious Fox Hill prison. Sam knew he wo...
The Cooperation Agreement Announced by FTX Debtors and Bahamas Liquidators
According to a January 6th, 2023, press release, FTX Trading Ltd., and its affiliated debtors, and FTX Digital Markets Ltd., acting by the Joint Provisional Liquidators, announced their “agreement on ...
FTX debtors and Bahamas liquidators settle on asset recovery strategy
The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief R...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies – Regulation Bitcoin News
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continue...
The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester
The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Marke...
Bahamas Regulator Hits Back at ‘Cavalier’ New FTX Bosses
The financial regulator of the Bahamas has labeled FTX’s new management “cavalier” as it pushed back on statements made by the collapsed exchange. In a statement released late on Monday, the Securitie...
Bahamas regulator denies asking crypto exchange FTX to mint new tokens
The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses concern that the investigation has been “impeded.” According to a statement released on Jan. 3, the SCB has ...
Did The Bahamas Really Seize $3.5B in Crypto? FTX Says No
Last week, the Securities Commission of The Bahamas (SCB) said it altogether sent FTX crypto worth $3.5 billion, valued at the time of transfer, for safekeeping on Nov. 12. The transfers were made sho...
Crypto exchange FTX against the Bahamas
Less than a month ago, news had leaked that Bahamian government authorities in collaboration with the former CEO of crypto exchange FTX had attempted to create new tokens worth hundreds of millions of...
Sam Bankman-Fried Pleads Not Guilty
Topline Sam Bankman-Fried pleaded not guilty Tuesday to charges related to the collapse of his crypto empire, according to reporters present at his arraignment hearing in a New York federal court Tues...
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
Sam Bankman-Fried Expected To Enter Not Guilty Plea
Topline Sam Bankman-Fried was expected to plead not guilty Tuesday to charges related to the collapse of his crypto empire, setting the stage for one of the most high-profile white-collar criminal tri...
Bahamas regulator disputes FTX’s assertions on the value of seized assets
The Securities Commission of the Bahamas (SCB) rejected allegations made by FTX’s new CEO John J. Ray III over the digital assets held by the regulator. SCB claims the debtors of the insolvent crypto ...
John Ray Accused Of Misleading Claims By Bahamas Securities Commission
Mr. John J Ray III, CEO of FTX and representative of the Chapter 11 Debtors in the U.S., made a statement on December 12th and 13th, 2022 in court filings, claiming that the Securities Commission of t...
Bahamas regulator denies FTX CEO’s claims over seized assets
The Securities Commission of The Bahamas has rejected “material misstatements” made by FTX’s newly-appointed CEO, John J. Ray III, over the commission’s seizure of US$3.5 billion in assets from FTX Di...
Bahamas Regulator SCB Denies Asking FTX to Mint New Tokens
The Securities Commission of The Bahamas (SCB) has refuted the claims made by FTX debtors that it had instructed the crypto exchange to mint tokens worth hundreds of millions. In an official statement...
John Ray and Bahamas SC Clash Over Seized FTX Asset Value
The Bahamas Securities Commission issued a statement that criticized FTX CEO John Ray’s remarks on the value of seized FTX assets. It said that such remarks could impact the trustworthiness of institu...
Bahamas accuses FTX management of impeding investigation
The Bahamas Securities Commission (SCB) said FTX’s leadership was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) access to the bankrupt firm’s systems, ...
Bahamas securities commission backfires at FTX’s management
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, t...
Bahamas regulator fires back in ongoing feud with new FTX leadership
Heated exchanges between authorities in The Bahamas and FTX’s new management have spilled over into the new year. The Securities Commission of The Bahamas (SCB) released a statement late on Jan....
Good News For FTX Customers: The Bahamas Seized $3.5 billion in Assets
This is news that will no doubt please the customers and creditors of Sam Bankman-Fried’s crypto empire. The authorities of the Bahamas, where the disgraced former emperor of the crypto space l...
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that F...
Over $3.5 Billion of FTX Assets under Bahamas’ “Exclusive Control”
The Securities Commission of the Bahamas (SCB) recently disclosed that they seized $3.5 billion of assets from bankrupt crypto exchange FTX. On December 29th 2022, Bahamas Supreme Court ordered to obt...
SBF told to surrender $300 million by the Bahamas Security Commission.
A December 30 report says that $300 million of seized funds were moved without approval. Debtors claim that the $296 million transfer was by order of the Bahamas Securities Commission. These assets ...
Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets
The Securities Commission of the Bahamas has taken custody of FTX deposits valued at more than $3.5 billion as of Nov. 12, according to a media release published late Thursday by the SCB. Shortly afte...
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX
– Advertisement – The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator exp...