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Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
20.2.2024
Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement...
New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank Deltec to Buy Tether: Bloomberg
19.2.2024
Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.
The post New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank...
Tether adds Bahamas-based private bank Britannia as partner: Report
30.8.2023
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
19.7.2023
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. ...
U.S. Secret Service Seizes Funds From Bahamian Bank Deltec Amid Fraud Investigation
18.7.2023
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Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Says
12.4.2023
The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame
Deltec, Chainalysis, Robinhood and More Join Crypto Market Integrity Group
6.4.2022
Thirteen major players in the crypto industry have joined forces with the Crypto Market Integrity Coalition (CMIC), an industry-led organization that’s trying to prevent market manipulation and signal to regulators that the crypto markets are safe for investors
Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat
1.3.2021
Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin...
Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe
5.2.2021
Bitfinex says early Friday it repaid fully of the loan to Tether
Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves
22.1.2021
"Every tether is backed by a reserve and their reserve is more than what is in circulation," Gregory Pepin, Deltec Bank's deputy CEO, said on a podcast Friday
Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position
16.1.2021
Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded to...
Tether’s Bank Says It Invests Customer Funds in Bitcoin
14.1.2021
Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which...
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate
4.3.2020
Bermuda-based insurance company Relm has announced an official launch of operations, issuing a press statement March 3, stating the group will “focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses.” The business, owned by Deltec International...