Search
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
Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations
28.2.2023
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...
FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
16.2.2023
FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said
FTX liquidators report exchange held $2.4M 'fleet of vehicles' in the Bahamas
10.2.2023
The liquidators said they would “commence disposals” of certain FTX Digital physical assets following approval from the Bahamas’ supreme court
New Hampshire could become an alternative for crypto firms moving to the Bahamas
9.2.2023
A state commission recommended that New Hampshire eliminate the gray area in which cryptocurrency companies currently operate
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
26.1.2023
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
24.1.2023
A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today....
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate
18.1.2023
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with...
Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster
15.1.2023
The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.
FTX, once the third-largest cryptocurrency exchange in the world with a valuation of $32 billion at its peak, was based in...
FTX's US Leadership, Bahamas Liquidators Say They've 'Resolved' Most of Their Issues
6.1.2023
FTX's U.S. leadership and the company's Bahamas wing's court-appointed liquidators have formed a cooperation agreement addressing how assets may be inventoried and disposed of, among other issues, a press release Friday said
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
5.1.2023
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission...
The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester
3.1.2023
Brown Rudnick has worked for the country since March, but the nation's potentially increasing role in the case requires it to register in the United States as a foreign agent
Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products
3.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products
Bahamas-FTX Dispute Heats Up as Bankman-Fried Prepares for Trial
3.1.2023
U.S. and Bahamian liquidators continue to sling mud as they fight for jurisdiction over the disgraced CEO’s company
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...
Bahamas regulator denies asking crypto exchange FTX to mint new tokens
3.1.2023
Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control