Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
Tag: Bahamian
FTX debtors, Bahamian liquidators object to U.S. Trustee’s examiner request
Allowing an examiner to investigate the FTX bankruptcy would “come at an enormous cost” and “provide no benefit” to creditors, lawyers for the troubled crypto exchange said in a court filing. T...
Bahamian CBDC, Sand Dollar Struggling after FTX-Collapse
The involvement of Bahamian authorities in the FTX-saga is questionable in itself. Their complicity hampered their CBDC, Sand Dollar. Project manager blames pandemic for slow growth. The once third ...
FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets
The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding ...
Bahamian Securities Regulator Says It Has $3.5B of FTX Funds in Its Care
Since FTX filed for bankruptcy, there has been a power tussle between the exchange’s current leadership and the liquidators appointed by the Supreme Court of the Bahamas. The Securities Commission of ...
$3.5 Billion In FTX Customer Crypto Custodied By Bahamian Watchdog
– Advertisement – Summary: The Bahamian Securities Commission took control of the assets on November 12 due to concerns that FTX was vulnerable to cyberattacks. Hackers stole nearly $400 m...
FTX New Management Argues with Bahamian Regulators; Here’s What Happened
Hot topic in the new year 2023 surrounded by FTX’s new leadership vs. Bahamian regulators. The Securities Commission of the Bahamas (SCB) published a statement which sought to correct “Material Missta...
Bahamian Regulators Say It Seized $3.5B of FTX Assets
The Securities Commission of The Bahamas announced that it seized $3.5 billion worth of cryptocurrency assets from the now-bankrupt and collapsed crypto exchange FTX. Per a media release issued on Thu...
Bahamian regulator holding $3.5 billion of FTX customer assets
The Securities Commission of the Bahamas has been holding on to more than $3.5 billion worth of FTX customer assets since Nov. 12, according to a statement from the regulator released late on Thursday...
SBF received special treatment inside Bahamian jail: Report
Former FTX CEO Sam Bankman-Fried, who was remanded to the notorious Fox Hill Prison in Nassau, Bahamas, pending an investigation into the collapse of his exchange, had a different experience than many...
‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition – Bitcoin News
FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthe...
Sam Bankman-Fried Ordered Back To Bahamian Jail In Surprise Twist
Topline Sam Bankman-Fried, the former billionaire crypto wunderkind now jailed in the Bahamas and facing a litany of criminal charges for alleged fraud, did not agree to extradition back to the U.S. a...
SBF returns to Bahamian prison as US extradition is postponed
Sam Bankman-Fried could be extradited to the United States today, but his sudden appearance in the court changed the game. Bloomberg initially reported that SBF was likely to be extradited to the US a...
Sam Bankman-Fried will now surrender himself for extradition before Bahamian court Monday, says source
FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Mario Duncanson | AFP | Getty Images FTX founder an...
SBF’s Bahamian prison reported for ‘harsh’ conditions and ‘degrading treatment’ — US State Dept
After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse ...
Bahamian securities regulator slams new FTX CEO over ‘misstatements’
The Securities Commission of Bahamas has slammed FTX’s new CEO for his statements regarding the ongoing investigation into the bankrupt crypto exchange. In a press release sent to Cointelegraph...
Legal fight escalates around ‘collusion’ between Bankman-Fried and Bahamian government
A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle bet...
FTX May Need To Claw Back $100M From 1,500 Bahamian FTX Accounts
FTX’s granting of a peculiar withdrawal window for Bahamian accounts while the rest of the world was locked out has attracted the attention of the US Congress. Veteran insolvency expert John Ray, who ...
SBF To Remain In Bahamian Correctional Facility Till February 8
– Advertisement – SBF is likely to remain in Bahamian jail till the date of his extradition hearing as the judge denied bail. Disgraced FTX founder Sam Bankman-Fried will remain in a Baham...
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’ – Bitcoin News
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release S...
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail – Bitcoin News
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money ...
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse – Coinotizia
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF...
Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX
The Securities Commission of the Bahamas has accused new FTX CEO John Ray of making “misstatements” in order to “advance questionable agendas” related to the exchange’s restructuring. Liquidatio...
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse – Bitcoin News
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF...
Bahamian regulator rejects new FTX CEO’s bankruptcy coordination allegations
The Securities Commission of The Bahamas rejected recently appointed FTX chief John Ray’s allegations that Bahamian officials worked with former CEO Sam Bankman-Fried to shelter the failed crypt...
Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas – Bitcoin News
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “foll...
Bahamian attorneys pursue access to FTX data of international customers
Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing invest...
FTX’s Odd Relationship With Vertical Farming Firms — A Look at Exchange Boss Ryan Salame’s and Bahamian PM Philip Davis’ Trip to 80 Acres – Bitcoin News
After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specifi...