FTX names Kroll as claims agent, to update users on bankruptcy developments
Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand. Go to Source Powered by WPeMatico
Bahamas
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Bahamas supreme court approves ‘provisional liquidators’ for FTX
The Securities Commission of the Bahamas said it had to act “given the magnitude, urgency, and international implications of the unfolding events with regard to FTX.” Go to Source Powered by WPeMatico
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’
“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 … Read more
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations. Go to Source Powered by WPeMatico
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities. Go to Source Powered by WPeMatico
Flight Radar Report Shows FTX Co-Founder’s Private Jet Flew to Argentina, SBF Says He’s Still in the Bahamas
According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the flight track doesn’t mean SBF took the flight, a number of people suspected someone from SBF’s inner circle did fly out of the Bahamas. … Read more
Breaking: Bahamas securities regulator freezes FTX assets
The Bahamas Securities Commission said FTX’s assets could not be moved without the approval of a Supreme Court-appointed liquidator. Go to Source Powered by WPeMatico
GameStop doubles down on crypto amid a new partnership with FTX US
After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX. Go to Source Powered by WPeMatico
IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC
In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets. Go to Source Powered by WPeMatico
Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022
Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers. Go to Source Powered by WPeMatico
