The judge overseeing the bankruptcy case of fallen crypto exchange FTX today agreed to continue bankruptcy proceedings in Delaware and keep the names and addresses of the top 50 creditors—owed approxi...
Tag: Bahamas
Did FTX use customer funds to buy properties across the Bahamas?
According to multiple reports, FTX and its executives went on a real-estate buying spree across the Bahamas in the last two years. The company and its associated stakeholders apparently purchased over...
Bahamas Court Orders FTX To Pay Remuneration Fees to Regulators
50 mins ago | 2 mins read Exchange News On November 12th, the Supreme Court ruled that FTX’s digital assets monitored by regulator. Fifty of the exchange’s largest debtors are owed a total of $3 billi...
Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware
“We had filed with your Honor a motion to transfer that case from the Southern District of New York to the district of Delaware, and we are pleased to report that we have reached an agreement wi...
FTX bought $121M properties in Bahamas within 2 years
Bankrupt crypto exchange FTX, alongside senior executives at the firm and parents of Sam Bankman-Fried, bought at least 19 properties worth $121 million in the Bahamas within the last two years, Reute...
Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils – Exchanges Bitcoin News
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the comp...
FTX ordered to indemnify and reimburse Bahamas for assets safekeeping
Bahamas Supreme Court on Nov. 21 ordered bankrupt crypto exchange FTX to indemnify and reimburse the Securities Commission of Bahamas (SCB) for expenses it will incur while safekeeping its digital ass...
Bankman-Fried’s Parents Reportedly Spend Millions on Properties in the Bahamas
2 hours ago | 2 mins read Bitcoin News SBF’s parents are also signatories on a property with a value of $16.4 million. Seven opulent condos were included in the purchased premises. Top officials at th...
SBF’s Parents Joined FTX $121M Bahamas Property Splurge: Reuters
Key Takeaways FTX, several of the exchange’s senior executives, and Sam Bankman-Fried’s parents collectively spent $121 million on properties in The Bahamas from 2021 through 2022, accordi...
SBF, FTX execs reportedly spend millions on properties in the Bahamas
The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other hig...
FTX, Bankman-Fried’s parents bought Bahamas property worth $121 million: Reuters
FTX, the now-bankrupt crypto exchange operator, its founder Sam Bankman-Fried’s parents and the firm’s senior executives bought at least 19 properties worth about $121 million in the Baham...
Bahamas Supreme Court Orders FTX To Pay For Regulatory Action
The Securities Commission of The Bahamas has secured an order from the Supreme Court to receive reimbursements for expenses incurred for regulatory action in connection with FTX Digital Markets. The S...
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home
Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Nassau, Bahamas — Despite being pushed out of the cry...
Bahamas SEC Or Hacker? Stolen Funds From FTX Keep On Moving
The crypto funds stolen from FTX shortly after its bankruptcy filing continue to be transferred. The security firm Chainalysis published a series of tweets in which it drew attention to the transactio...
$500 Million Hack Against FTX Turns Out to Be Bahamas’ Regulator Seizing Assets
The cryptocurrency industry saw the spectacular collapse of one of its giants earlier this month, which ultimately resulted in FTX filing for Chapter 11 bankruptcy. Shortly after, though, there were s...
Bahamas Liquidators Discover Possibilities Of Fraud From FTX
Still, on the ongoing FTX fiasco, the embattled crypto exchange has got it hot from all corners. On one side is the intensive investigation by the regulators, then legal actions from creditors. A few ...
Sam Bankman-Fried Bought Employees Homes In The Bahamas
FTX, the cryptocurrency exchange platform being held responsible for the recent crash of the crypto market, once again found itself in the dark side of the news following a (not surprising!) discovery...
FTX Bankruptcy Jurisdiction Fight: Bahamas Regulators Now Confirm They Directed SBF to Move Assets
At least some of the millions of dollars in FTX customer funds mysteriously moved off the exchange last week were moved at the direction of regulators in the Bahamas. That assertion was made in a new ...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors – Bitcoin News
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary t...
New FTX management indicates SBF transferred assets to Bahamas post Bankruptcy
FTX filed for bankruptcy on November 11th. It is headquartered in the Bahamas and registered elsewhere. FTX’s new CEO has experience in restructuring such companies. In an emergency court filing, inso...
FTX Employees Used Company Funds to Buy Homes in the Bahamas
The news will cause unprecedented anger among customers of FTX, which filed for bankruptcy on November 11. The cryptocurrency exchange, which was still valued at $32 billion in February, imploded ove...
Did The Bahamas’ Securities Commission Take Control of FTX’s Assets? They Did
The Bahamas struck first and struck hard. Yesterday, there were rumors going around that their government was pressuring Sam Bankman-Fried to give them control of FTX’s assets. What sounded like a biz...
Bahamas Regulators Now Confirm They Directed SBF to Move Assets
At least some of the millions of dollars in FTX customer funds mysteriously moved off the exchange last week were moved at the direction of regulators in the Bahamas. That assertion was made in a new ...
Court Filing, Vox Interview, Bahamas Seizure, And More
– Advertisement – As the FTX debacle unravels, more shocking facts come to light. For the past two weeks, the entire crypto industry and, I dare say, the whole finance world has been left ...
Was FTX Hack Fake? Bahamas Regulator Take U-Turn
FTX HACK NEWS: As the FTX contagion is expanding, the regulators are taking U-turn from their prior claims. According to a media release shared by the Securities Commission of The Bahamas, the watchdo...
Bahamas Government Says It Ordered SBF to Hack FTX
Key Takeaways Sam Bankman-Fried conducted last week’s nine-figure FTX hack under the instruction of the Securities Commission of The Bahamas. FTX has filed a motion with the court claiming the Commiss...
Bahamas watchdog ordered FTX to send digital assets to its wallet
The Securities Commission of Bahamas revealed on Nov. 18 that it directed FTX to transfer digital assets under its control to the Commission’s wallet on Nov. 12. Securities Commission of The Bahamas A...
Bahamas Regulators Want Control of FTX Bankruptcy Proceedings
Regulators in the Bahamas want to take control of FTX’s bankruptcy proceedings in what could become a messy process. Yesterday, FTX Digital Markets Ltd., the exchange’s Bahamian subsidiary, filed for ...
Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets
“Mr. Bankman-Fried, the co-founder, and controlling owner of all of the Debtors and of FTX DM, appears to be supporting efforts by the JPLs to expand the scope of the FTX DM proceeding in the Ba...
FTX May Have Committed Serious Fraud and Mismanagement: Bahamas Liquidators
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanageme...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...