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: the-bahamas
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...
Bankman-Fried Set for US Extradition To Face Monster Indictment
Sam Bankman-Fried is preparing to leave The Bahamas 10 days after his arrest, with the alleged FTX fraudster reportedly agreeing to US extradition. The former CEO signed off on documentation for extra...
Sam Bankman-Fried won’t fight U.S. extradition: Reuters
Sam Bankman-Fried, the founder and former CEO of FTX, is expected to tell a court in the Bahamas on Monday he will no longer contest extradition to the United States, where he is facing criminal fraud...
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 ...
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...
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...