“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 if “any criminal misconduct occurred.”
Bahamas Law Enforcement Looks Into FTX Collapse
After the Bahamas securities regulator took action against FTX on Nov. 11, 2022, the country’s Securities Commission updated the public the following day. The regulating entity noted that it did not give permission to FTX to authorize withdrawals for Bahamian customers.
“The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian clients,” the Bahamas securities regulator said on Nov. 12. The regulator added:
The [Bahamas Securities Commission] does not condone the preferential treatment of any investor or client of FTX Digital Markets Ltd. or otherwise.
Additionally, on Nov. 13, Reuters reported that the Royal Bahamas Police Force commented on the FTX situation and the police said an investigation was underway. “A team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred,” the Bahamian police officer told the news outlet.
The news publication reached out to FTX and executives did not “immediately respond to Reuters’ request for a comment.” The news follows FTX Digital Markets Ltd. filing for bankruptcy with Alameda Research and 134 other companies. One company further explained that they were “erroneously included” in FTX’s Chapter 11 filing.
Some have accused Sam Bankman-Fried (SBF) of playing the game “League of Legends, while FTX crumbles around him.” Cointelegraph reported that SBF and members of his inner circle may be under supervision by the local authorities. A flight radar report had shown SBF’s private jet flew to Argentina on Nov. 12.
What do you think about the Royal Bahamas Police Force commenting on the FTX situation? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Giongi63 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Bonk 
Bittensor 
Kaspa 
Render 
Ethena USDe 
WhiteBIT Coin 
POL (ex-MATIC) 
Dai 
Artificial Superintelligence Alliance 
MANTRA 
Arbitrum 
dogwifhat 
Monero 
Stacks 
OKB 
Filecoin 
