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Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary
19.12.2023
FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to handling the complex legal challenges stemming from...
FTX's Bahamas Wing Reaches Agreement With U.S. Bankruptcy Team, Streamlining Future Actions
19.12.2023
This deal will pave the way for assets to be be pooled and distributed to FTX.com customers
Sam Bankman-Fried's Trial May Be Over, but The Bahamas Is Living Its Own Trial
16.11.2023
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX
Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project
17.10.2023
The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder
Despite Nay-Sayers, “Digital Assets Industry is Here to Stay”: The Bahamas Prime Minister
13.10.2023
Bahamian Prime Minister Philip Davis says that the island nation will continue to maintain its pioneering role in the digital asset space and stressed on the importance of innovation to adapt emerging trends in fintech and decentralized finance (DeFi) advancements.
The pro-crypto leader emphasized...
Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains
30.8.2023
In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation....
DOJ Drops Campaign Finance Charge Against Sam Bankman-Fried Due to Treaty Obligations with The Bahamas
28.7.2023
On July 26, the Department of Justice (DOJ) informed federal judge Lewis A. Kaplan that they "do not intend to proceed" with a campaign finance charge against FTX founder Sam Bankman-Fried.
This decision came after consulting with The Bahamas regarding the campaign finance charges mentioned...
A ‘Two-Tiered Justice System’ — Public Reacts to DOJ Dropping Campaign Finance Charges Against FTX Co-Founder
27.7.2023
In a court filing released Wednesday, the U.S. Department of Justice dropped campaign finance charges against disgraced FTX co-founder Sam Bankman-Fried. Prosecutors said the charges were dropped in accordance with U.S. treaty obligations to the Bahamas. Sam Bankman-Fried Cleared of Campaign...
Cryptocurrency Remittance Solution Introduced in Latin America by Island Pay and Circle
26.7.2023
Island Pay, a fintech company based in the Bahamas, has launched a crypto remittance solution to address the extreme high costs associated with traditional cross border payment systems, Bloomberg reported.
The fintech firm has announced a digital wallet called "CiNKO," for users in Latin America...
Judge Rejects Bankman-Fried’s Attempt to Dismiss Criminal Charges, Calls Arguments ‘Unpersuasive’ and ‘Without Merit’
28.6.2023
On Tuesday, U.S. district judge Lewis Kaplan rejected Sam Bankman-Fried’s attempt to dismiss criminal charges against him. Bankman-Fried claims he was charged in a manner that violates the “rule of specialty” as far as the extradition treaty between the Bahamas and the United States is concerned....
Bahamas Supreme Court Allows Bankman-Fried to Challenge Extra DOJ Charges
14.6.2023
The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried the ability to challenge new charges levied against him by US prosecutors.
The charges, which include bank fraud and bribery in addition to the original charges of wire fraud and money laundering, were added after...
Sam Bankman-Fried Can Contest Extra DOJ Charges, Bahamas Supreme Court Says
14.6.2023
The FTX founder pleaded not guilty to fraud in the U.S. after being extradited from the Caribbean country
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
Where crypto can grow: Digital asset regulations around the world
28.4.2023
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around
Bahamian Prime Minister Doesn’t Regret FTX
27.4.2023
The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies
Bahamas Securities Commission Unveils Draft Digital Assets Act in Response to FTX Scandal – Here's the Latest
27.4.2023
The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX.
The new bill, titled the Digital Assets and Registered Exchanges (DARE) Bill 2023, is an update to the original DARE Act of 2020....
Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse
26.4.2023
A bill published for comment includes restrictions on stablecoins, proof-of-work mining and crypto staking
FTX Bankruptcy Update: FTX Debtors to Sell Mysten Labs Stake for $95 Million
24.3.2023
The infamous crypto exchange FTX will reportedly sell its stake in Web3-focused startup Mysten Labs in an effort to pay back its customers.
The new management at FTX is continuing its mission to collect money to return to the victims of the old management's practices. ...
Read More: FTX Bankruptcy...
FTX Demands Protection of Assets from Liquidators of Bahamas Unit – What's Going On?
21.3.2023
Defunct crypto exchange FTX has asked a US bankruptcy judge to protect its property from the liquidators in charge of winding down its Bahamas unit.
In a lawsuit filed against the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, FTX claimed that they are wrongly...
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
20.3.2023
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged