2 / 2 Relevant items tagged with #Bahamas

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FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

[Dec 16, 2022 11:00 AM] According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.

SBF reportedly files new bail application in the Bahamas Supreme Court

[Dec 15, 2022 9:43 PM] Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk.

FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried

[Dec 14, 2022 10:15 PM] Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research.

SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept

[Dec 14, 2022 3:57 PM] Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."

Bitcoin Zeroes In On $18,000 – Can BTC Upside Breakout Materialize?

[Dec 14, 2022 1:40 AM] After weeks of consolidation, Bitcoin – the largest cryptocurrency by market capitalization – and the broader cryptocurrency market have witnessed a short-term bounce in response to Consumer Price Index data that exceeded expectations…

FTX Founder Sam Bankman-Fried Arrested In The Bahamas

[Dec 12, 2022 7:40 PM] Bahamian authorities have arrested Sam Bankman-Fried, the founder and ex-CEO of cryptocurrency exchange FTX, after the U.S. filed criminal charges.Sam Bankman-Fried, the founder and former CEO of Bitcoin and cryptocurrency exchange FTX, has been…

Breaking: FTX founder Sam Bankman-Fried arrested and in custody

[Dec 12, 2022 5:45 PM] A statement from the Attorney General of The Bahamas was made on Dec. 12.

FTX’s Odd Relationship With Vertical Farming Firms — A Look at Exchange Boss Ryan Salame’s and Bahamian PM Philip Davis’ Trip to 80 Acres

[Dec 8, 2022 2:30 PM] After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specific investments. One specific investment made by…

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review

[Dec 4, 2022 6:30 AM] Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international…

Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried

[Nov 27, 2022 9:00 AM] It’s been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as…

Hollywood, Streaming Giants Scramble for Movie Rights to FTX Saga

[Nov 24, 2022 3:30 PM] After the FTX collapse, the story seems as though it came from a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple, and Netflix are…

Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’

[Nov 23, 2022 11:30 AM] On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan…

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

[Nov 22, 2022 8:00 AM] Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have…

FTX names Kroll as claims agent, to update users on bankruptcy developments

[Nov 17, 2022 9:11 PM] Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.

Bahamas’ supreme court approves ‘provisional liquidators’ for FTX

[Nov 15, 2022 10:30 AM] The Securities Commission of the Bahamas said it had to act “given the magnitude, urgency, and international implications of the unfolding events with regard to FTX.”

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

[Nov 13, 2022 1:00 PM] “A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see…

Regulator denies asking FTX to prioritize withdrawals for Bahamian clients

[Nov 12, 2022 8:44 PM] The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations.

Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai

[Nov 12, 2022 5:22 PM] It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities.

Flight Radar Report Shows FTX Co-Founder’s Private Jet Flew to Argentina, SBF Says He’s Still in the Bahamas

[Nov 12, 2022 11:30 AM] According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the flight track doesn’t mean SBF took the…

Breaking: Bahamas securities regulator freezes FTX assets

[Nov 10, 2022 5:25 PM] The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator.