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 Securit...
Tag: Bahamas
FTX Debtors and the Bahamas regulator lay different claims on amount transferred
FTX Debtors states that the crypto transferred to the Bahamas Securities Commission was valued at $296 million This number falls short of the billions of dollar claim made by the commission FTX Debtor...
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX – Regulation Bitcoin News
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 explained that the cryptocurrenci...
FTX Debtors will seek return of crypto held by Bahamas regulator
FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto controlled by the Securities Commission of the Bahamas to their chapter 11 estates for the benefit of credi...
Bahamas Securities Commission Holds FTX Users’ Assets Temporarily
Bahamas regulator holding FTX assets on a temporary basis. FTX Japan is planning to return users’ assets. Some of the FTX users are selling their claims at steep discounts. As per a December 29 statem...
Bahamas controls FTX customer assets worth $3.5bn
Late Thursday, Dec.29, 2022, the Securities Commission of the Bahamas stated that it was holding more than $3.5 billion in FTX client assets. According to the official press release, the commission is...
Over $3,500,000,000 in Crypto Transferred to the Bahamas’ Regulator Hours After FTX Declared Bankruptcy
Over $3.5 billion worth of digital assets were transferred to the Securities Commission of The Bahamas just hours after crypto exchange FTX filed for bankruptcy. According to a new press release, the ...
Bahamas Awaits Court Order to Release $3.5B Seized FTX Funds
The Securities Commission of Bahamas (SCB) awaits court orders to release $3.5B FTX funds to its customers. While SBF reportedly withdraws over $684K. The FTX saga takes a new turn with a press releas...
Bahamas regulator seized $3.5 billion of FTX crypto assets
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange...
Bahamas regulator is temporarily holding $3.5B FTX assets
Bahamas Securities Commission said it is temporarily holding FTX assets worth $3.5 billion with plans to distribute them to the bankrupt firm’s creditors and customers, according to a Dec. 29 statemen...
Bahamas Securities Commission seized $3.5B in customers’ assets from FTX
According to a statement released on December 29, the Bahamian regulator Bahamas Securities Commission gained possession of digital assets valued at $3.5 billion at FTX Digital Markets shortly after t...
Bahamas seized $3.5 billion from FTX to ‘protect customers’
The Bahamas Securities Commission has announced it took custody of over $3.5 billion worth of FTX deposits. According to a press release the BSC published on Thursday, the regulator moved to seize the...
Bahamas Securities Commission Holding FTX deposits Worth Over $3.5 billion.
In the protracted and gloomy drama involving FTX and SBF, it would seem that we have finally heard some positive news about the assets of users that the criminal mastermind was spending frivolously. T...
Bahamas Seized $3.5 Billion From FTX to Keep Them From Vanishing
While Sam Bankman-Fried awaits his January 3rd arraignment within the confines of his parent’s home, the Securities Commission of the Bahamas (SCB) has revealed that it seized $3.5 billion worth of di...
Sam Bankman-Fried Enjoyed Cozy Stay In Bahamas Prison
Perhaps, it won’t matter now and things might be different once Sam Bankman-Fried settles himself in a detention facility outside of the Bahamas jurisdiction, where he once afforded special treatment....
Sam Bankman-Fried Is Being Extradited Wednesday, Bahamas Attorney General Says
“The United States requested that a provisional arrest warrant be issued for SBF in anticipation of his extradition pursuant to an extradition Treaty between the two nations. After the arrest, S...
Bahamas government says Bankman-Fried will depart Wednesday
Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, will depart the Bahamas on Wednesday evening to be extradited to the U.S., the Office of the Attorney General said in an emailed...
Indicted FTX founder Sam Bankman-Fried to return to U.S. after hearing
Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-...
The Block: Sam Bankman-Fried signs US extradition papers: ABC News
Sam Bankman-Fried signed extradition papers to return to the United States from the Bahamas, a week after he was criminally indicted by a federal grand jury. Bankman-Fried was arrested in the B...
Sam Bankman-Fried Agrees To U.S. Extradition After Chaotic Day In Bahamas Court
Topline Disgraced FTX founder Sam Bankman-Fried has agreed to be extradited from the Bahamas to the U.S. to face a slate of criminal charges over fraud allegations, according to a source familiar with...
Sam Bankman-Fried Wants Extradition to the US Days After Detention in the Bahamas: Report
Former FTX CEO Sam Bankman-Fried, who is currently in the custody of authorities in the Bahamas, is reportedly opting to be extradited to the US. According to a new report from Reuters, the disgraced ...
Sam Bankman-Fried Will Not Fight Extradition Effort By U.S., Reports Say
Topline FTX founder Sam Bankman-Fried is set to withdraw his legal challenge against an effort by U.S. officials to extradite him from the Bahamas, according to multiple reports, a move that will open...
Bahamas denies improper conduct, seeks respect for legal system
During the FTX hearing on Dec. 16, FTX liquidators requested for the “Bahamian legal system to be respected” in relation to the ongoing bankruptcy case in the United States (US), while also denying al...
Bahamas Corrections Commissioner Says FTX Co-Founder Bankman-Fried Is in ‘Good Spirits’ in the Prison Sick Bay – Bitcoin News
According to local reports, former FTX CEO Sam Bankman-Fried (SBF) is in “good spirits” and is being kept in the maximum security unit in the sick bay. SBF is held in custody at the Bahamas Department...
FTX, Bahamas liquidators remain at loggerheads over system access
FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets ...
SBF Submits Fresh Bahamas Supreme Court Bail Application
The local media in the Bahamas reported that Sam Bankman-Fried has submitted a new request for release on bail. This comes just two days after a court dismissed Sam Bankman-request Fried’s for b...
SBF reportedly files new bail application in the Bahamas Supreme Court
Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid....
FTX ‘Co-CEO’ Warned Bahamas Regulator For Potential Misuse of User Funds
The FTX collapse raises thousands of unanswered questions regarding cryptocurrency; some call this a fraud and others call it a scam but what exactly happened is not clear yet. According to a media ou...