Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator

Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional LiquidatorThe Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities Regulator Takes Action Against FTX The Securities Commission of the Bahamas announced Thursday […]

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SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds

SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer FundsThe U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked away from the acquisition of FTX. U.S. Regulators and DOJ Investigate Crypto Exchange […]

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Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From InvestorsOn Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up to $9.4 Billion in Funding […]

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