The Bahamas – DIGIT INFO

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

DIGIT — Thu, 19 Jan 2023 19:30:28 +0000

Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]

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Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter

DIGIT — Fri, 13 Jan 2023 22:04:46 +0000

The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made […]

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‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition

DIGIT — Tue, 20 Dec 2022 09:30:59 +0000

FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed off for an extended period of time and had to be shaken awake by […]

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Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing

DIGIT — Thu, 15 Dec 2022 20:30:38 +0000

According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent customer funds to the firm Alameda Research. A letter written by Salame sent to the Bahamian commissioner […]

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FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF

DIGIT — Thu, 15 Dec 2022 03:22:35 +0000

A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture.

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Crypto Twitter explodes over the news of Sam Bankman-Fried’s arrest

DIGIT — Tue, 13 Dec 2022 04:06:52 +0000

US politicians, crypto execs, and influencers fired up their Twitter apps upon learning of Sam Bankman-Fried’s arrest in The Bahamas.

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SBF reveals what was behind FTX’s reopening of Bahamian withdrawals

DIGIT — Wed, 30 Nov 2022 01:39:39 +0000

The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly after it filed for bankruptcy on Nov. 10.

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FTX resumes employee and contractor payments after weeks in limbo

DIGIT — Tue, 29 Nov 2022 02:08:13 +0000

The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.

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FTX under ‘active’ civil and criminal investigation: Bahamas AG

DIGIT — Mon, 28 Nov 2022 06:33:05 +0000

Bahamian Securities Commission, the Prime Minister’s financial intelligence unit, and a financial crimes unit are all involved in the FTX investigation.

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Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

DIGIT — Thu, 24 Nov 2022 06:22:01 +0000

The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to “secure” FTX’s digital assets.

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