Several entities are expected to reveal losses after FTX’s debacle. Tether and Deltec Bank are being associated with FTX. Here’s all that is known so far. FTX mess and FUD vibes Cryptocurrency exchang...
Tag: Bahamian
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’ – Bitcoin News
The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that put...
Bahamian Crypto Exchange Collapse Affecting Local Resident Lives
FTX officials are working to restructure the firm and return users’ funds. Investors and Users are seeking help to retrieve the lost funds in the FTX crash. Recently the world’s third-biggest cryp...
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. In a stateme...
FTX ordered to pay reimbursement fees to Bahamian regulators
The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an orde...
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Securities Commission of the Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17...
Bahamian Securities Regulator Confirms Ordering Transfer of FTX Funds
On November 15, FTX filed for bankruptcy in a court in New York to pursue US acknowledgment of the Bahamian liquidation processes. Just when you thought FTX’s drama couldn’t be any more interesting, i...
Bahamian Regulators Assume Control of FTX’s Assets
The Securities Commission of The Bahamas announced on Thursday that it directed that all digital assets of FTX Digital Markets Ltd (FDM) be transferred to a digital wallet controlled by the Commission...
Bahamian Government Instructed Sam Bankman-Fried to Hack FTX
2 hours ago | 2 mins read Editors News On November 11, FTX filed for bankruptcy and Bankman-Fried resigned as CEO. The co-founders and top executives of FTX, had borrowed $1.6 billion from Alameda. A...
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in the Bahamas, has called into question the validity of a Chapter 11 bankruptcy fi...
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Co...
No Direction for FTX to Prioritize Bahamian Withdrawals; the SCB Denies
Embattling crypto exchange FTX got another strike when trying to ease some issues. The crypto firm tried to prioritize withdrawals for specific clients and under guidance from the Securities Commissio...
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commi...
Bahamian regulator investigating problems at FTX: Tribune
A Bahamian regulator is investigating problems at crypto exchange operator FTX, local newspaper The Tribune reported citing unnamed sources. FTX Digital Markets, an FTX unit, is licensed in the...
Chainalysis Partners With Bahamian Bank To Roll Out Crypto Services
Bahamian lender Capital Union Bank has engaged blockchain data platform Chainalysis to assist in rolling out crypto services. The move comes shortly after the island state adopted crypto-friendly legi...