Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas. The firm, whose liquidity crunch forced the company to declare bankruptcy on Nov. 11, is the subject of investigations by Bahamian and U.S. authorities. In mid-November, the Royal Bahamas Police said that government investigators in the Bahamas were looking at whether any "criminal misconduct occurred.
Pinder also defended the Bahamas' regulatory regime and said that its Securities Commission had moved quickly "because of the strength of the legislative framework." Sam Bankman-Fried, 30, founded FTX in 2019 and rode cryptocurrency boom to a net worth that Forbes pegged a year ago at $26.5 billion. Bankman-Fried resigned as FTX's chief executive officer the same day as the firm's bankruptcy filing.of FTX customer funds to his proprietary trading firm, Alameda Research, Reuters reported, citing two people familiar with the matter.
Oh it’s just the beginning of peeling this onion!
Zombie 🤣
Ryan_Pinder If SBF isn’t in jail, the whole world will know the Bahamas has a joke of a legal system
Strange, as the political elite does not want to prosecute him in the US!!!
Ryan_Pinder Laughable, the corrupt investigating the corrupt.
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