“A workforce of economic investigators” are recently investigating the now-defunct crypto trade FTX, the Royal Bahamas Police Drive stated in a remark shared on Sunday. The police famous that the monetary investigators had been looking out to look if “any prison misconduct befell.” Bahamas Regulation Enforcement Seems to be Into FTX Cave in After the Bahamas securities regulator took motion […]

Royal Bahamas Police Force Reveals FTX Is Being Investigated for 'Criminal Misconduct'

“A workforce of economic investigators” are recently investigating the now-defunct crypto trade FTX, the Royal Bahamas Police Drive stated in a remark shared on Sunday. The police famous that the monetary investigators had been looking out to look if “any prison misconduct befell.”

Bahamas Regulation Enforcement Seems to be Into FTX Cave in

After the Bahamas securities regulator took motion towards FTX on Nov. 11, 2022, the rustic’s Securities Fee up to date the general public the next day to come. 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 instructed to FTX Virtual Markets Ltd. the prioritization of withdrawals for Bahamian purchasers,” the Bahamas securities regulator stated 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 differently.

Moreover, on Nov. 13, Reuters reported that the Royal Bahamas Police Drive commented at the FTX scenario and the police stated an investigation was once underway. “A workforce of economic investigators from the Monetary Crimes Investigation Department are operating intently with the Bahamas Securities Fee to analyze if any prison misconduct befell,” the Bahamian police officer advised the inside track outlet.

The inside track newsletter reached out to FTX and managers didn’t “right away reply to Reuters’ request for a remark.” The inside track follows FTX Virtual Markets Ltd. submitting for chapter with Alameda Analysis and 134 different corporations. One corporate additional defined that they had been “erroneously incorporated” in FTX’s Bankruptcy 11 submitting.

Some have accused Sam Bankman-Fried (SBF) of enjoying the sport “League of Legends, whilst FTX crumbles round him.” Cointelegraph reported that SBF and individuals of his interior circle is also underneath supervision via the native government. A flight radar file had proven SBF’s non-public jet flew to Argentina on Nov. 12.

What do you consider the Royal Bahamas Police Drive commenting at the FTX scenario? Tell us what you consider this matter within the feedback segment under.



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