“A staff of economic investigators” are at present investigating the now-defunct crypto alternate FTX, the Royal Bahamas Police Pressure mentioned in an announcement shared on Sunday. The police famous that the monetary investigators had been looking to see if “any felony misconduct occurred.”
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 clients.
“The Fee needs to advise that it has not directed, licensed or instructed to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian purchasers,” the Bahamas securities regulator said on Nov. 12. The regulator added:
The [Bahamas Securities Commission] doesn’t condone the preferential therapy of any investor or shopper 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 mentioned an investigation was underway. “A staff of economic investigators from the Monetary Crimes Investigation Department are working carefully with the Bahamas Securities Fee to analyze if any felony misconduct occurred,” the Bahamian police officer advised 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 firms. One firm additional defined that they had been “erroneously included” in FTX’s Chapter 11 submitting.
Some have accused Sam Bankman-Fried (SBF) of enjoying the sport “League of Legends, whereas FTX crumbles round him.” Cointelegraph reported that SBF and members of his inside circle could also be below supervision by the native authorities. A flight radar report had proven SBF’s non-public jet flew to Argentina on Nov. 12.
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