“A workforce of monetary investigators” are presently investigating the now-defunct crypto trade FTX, the Royal Bahamas Police Pressure stated in a press release shared on Sunday. The police famous that the monetary investigators had been looking to see if “any felony misconduct occurred.”
Bahamas Legislation Enforcement Appears Into FTX Collapse
After the Bahamas securities regulator took motion in opposition to FTX on Nov. 11, 2022, the nation’s Securities Fee up to date the general public the next day. The regulating entity famous that it didn’t give permission to FTX to authorize withdrawals for Bahamian prospects.
“The Fee needs to advise that it has not directed, licensed or instructed to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian shoppers,” the Bahamas securities regulator stated on Nov. 12. The regulator added:
The [Bahamas Securities Commission] doesn’t condone the preferential therapy of any investor or consumer of FTX Digital Markets Ltd. or in any other case.
Moreover, on Nov. 13, Reuters reported that the Royal Bahamas Police Pressure commented on the FTX scenario and the police stated an investigation was underway. “A workforce of monetary investigators from the Monetary Crimes Investigation Department are working intently with the Bahamas Securities Fee to analyze if any felony misconduct occurred,” the Bahamian police officer informed the information outlet.
The information publication reached out to FTX and executives didn’t “instantly reply to Reuters’ request for a remark.” The information follows FTX Digital Markets Ltd. submitting for chapter with Alameda Analysis and 134 different corporations. One firm additional defined that they had been “erroneously included” in FTX’s Chapter 11 submitting.
Some have accused Sam Bankman-Fried (SBF) of taking part in the sport “League of Legends, whereas FTX crumbles round him.” Cointelegraph reported that SBF and members of his internal circle could also be underneath supervision by the native authorities. A flight radar report had proven SBF’s personal jet flew to Argentina on Nov. 12.
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