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FTX Digital Executive Warned of Client Fund Transfers to Alameda, Documents Show

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Breaking: A top executive of FTX’s Bahamas unit warned about client fund transfers to Alameda, prompting a regulator to seek a criminal probe, documents show

The Bahamas securities authority sought a probe into the FTX affiliate after the subsidiary’s chairman warned of commingled funds with Alameda, records made public Wednesday show

In less than 24 hours, FTX founder Sam Bankman-Fried was arrested, charged with eight counts of fraud, and sued by both the Securities and Exchange Commission and the Commodity Futures Trading Commission. WSJ explains how the day unfolded. Photo: Dante Carrer/ReutersA top executive of FTX’s Bahamas subsidiary warned that country’s securities authority days before the company filed for bankruptcy Nov.

Securities Commission Executive Director Christina Rolle requested that the financial crimes unit of the Royal Bahamas Police Force open an investigation into the subsidiary, FTX Digital Markets Ltd., the same day based on the warning of FTX Digital Chairman Ryan Salame.

 

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CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraudThe CFTC filed a complaint against SBF, FTX, and Alameda Research, alleging that the former CEO of the now-debunk exchange set up features, allowing Alameda to use the crypto exchange as a line of credit for its lenders. According to court records filed Dec. 13 in the Southern District of New York, the CFTC filed a complaint for injunctive and other equitable relief as well as civil monetary penalties against Bankman-Fried, FTX Trading, and Alameda Research. 3.7 BTC is giving away freely D.M me to know how here = And elections for democrats
Source: Cointelegraph - 🏆 562. / 51 Read more »