“A workforce of monetary investigators” are recently investigating the now-defunct crypto trade FTX, the Royal Bahamas Police Drive mentioned in a remark shared on Sunday. The police famous that the monetary investigators had been looking out to peer if “any prison misconduct happened.” Bahamas Regulation Enforcement Seems to be Into FTX Cave in After the Bahamas securities regulator took motion […]
“A workforce of monetary investigators” are recently investigating the now-defunct crypto trade FTX, the Royal Bahamas Police Drive mentioned in a remark shared on Sunday. The police famous that the monetary investigators had been looking out to peer if “any prison misconduct happened.”
Bahamas Regulation Enforcement Seems to be Into FTX Cave in
After the Bahamas securities regulator took action towards FTX on Nov. 11, 2022, the rustic’s Securities Fee up to date the general public day after today. The regulating entity famous that it didn’t give permission to FTX to authorize withdrawals for Bahamian shoppers.
“The Fee needs to advise that it has no longer directed, licensed or advised to FTX Virtual Markets Ltd. the prioritization of withdrawals for Bahamian shoppers,” the Bahamas securities regulator said on Nov. 12. The regulator added:
The [Bahamas Securities Commission] does no longer condone the preferential remedy of any investor or consumer of FTX Virtual Markets Ltd. or in a different way.
Moreover, on Nov. 13, Reuters reported that the Royal Bahamas Police Drive commented at the FTX scenario and the police mentioned an investigation was once underway. “A workforce of monetary investigators from the Monetary Crimes Investigation Department are running carefully with the Bahamas Securities Fee to research if any prison misconduct happened,” the Bahamian police officer informed the scoop outlet.
The inside track newsletter reached out to FTX and managers didn’t “instantly reply to Reuters’ request for a remark.” The inside track follows FTX Virtual Markets Ltd. filing for chapter with Alameda Research and 134 different firms. One corporate additional defined that they had been “erroneously included” in FTX’s Bankruptcy 11 submitting.
Some have accused Sam Bankman-Fried (SBF) of taking part in the sport “League of Legends, whilst FTX crumbles round him.” Cointelegraph reported that SBF and individuals of his internal circle is also below supervision via the native government. A flight radar report had proven SBF’s non-public jet flew to Argentina on Nov. 12.
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