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Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November

A top executive of the FTX group of companies told Bahamas police that funds were comingled between the crypto exchange and its sister trading firm Alameda Research as early as Nov. 9, court documents show.

Ryan Salame, the co-chief executive of FTX's Bahamas entity, called FTX Digital Markets, told the Bahamas Securities Commission on Nov. 9 that "clients’ assets which may have been held with FTX Digital were transferred to Alameda Research," according to a letter to the Bahamas Police Commissioner disclosed this week. This would constitute "misappropriation, theft, fraud or some other crime," Christina Rolle, Executive Director at Securities Commission of The Bahamas wrote to the Commissioner.

(By Eliza Gkritsi)

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