FTX Bankruptcy Court Warned Against Granting Bahamas 'Dangerous' IT Access
Giving access to FTX's platform would let funds slip away to an untrustworthy Bahamas government, while inflammatory Congressional testimony from new CEO John Ray risked taking the case “off the rails,” the court was told by the two opposing parties.
The Bahamas and US Attorneys at Conflict Over Control of FTX’s Data
The Bahamas and United States attorneys overseeing the restructuring procedures for Sam Bankman-Fried’s FTX appear to be at conflict on who should gain control of internal records of the now-defunct cryptocurrency exchange.
John Ray Warned Not to ‘Obstruct’ Bahamas FTX Probe As He Gives Testimony
A court filing made on Monday by FTX says that “Bankman-Fried and [co-founder Gary] Wang were in close and frequent contact with the Commission and Bahamas Attorney General Ryan Pinder throughout the week” of the crypto company’s collapse in early November. The filing by FTX cites an email sent to Pinder in which Bankman-Fried said he would allow Bahamians to withdraw assets.
Bahamas Told Bankman-Fried To Mint New Crypto As FTX Collapsed, Lawyers Say
Bahamas government officials worked closely with Sam Bankman-Fried and tried to help him regain access to key computer systems of bankrupt FTX Trading, lawyers for FTX said in a court filing before the failed crypto magnate was arrested on Monday.
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, citing sources.
Bahamas’ Attorney General Defends The Country's Action After FTX's Collapse
Weeks after FTX’s collapse, the blame game continues with some pointing accusing fingers at the Bahamas, but its Attorney General has vehemently denied all allegations of wrongdoing.
Bahamas FTX Liquidators Agree To Transfer Bankruptcy Case to Delaware
Court-appointed liquidators overseeing collapsed crypto exchange FTX's assets in the Bahamas have agreed to transfer a related case they'd filed in New York to Delaware, where the company had already filed for bankruptcy protection.
Bahamas Liquidators: FTX May Have Committed Serious Fraud and Mismanagement
According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanagement” on the bankrupt crypto exchange’s part.
Bahamas Regulator Says It Assumed Control of Digital Assets of FTX
Bahamas has ordered all digital assets of FTX Digital Markets Ltd (FDM) transferred to a digital wallet controlled by the Commission for safekeeping.
Bahamas Government May Have Directed 'Unauthorized' FTX Transactions, New Bankruptcy Filing Says
Bankrupt crypto exchange FTX is accusing the government of the Bahamas of directing unauthorized access to FTX systems for the purpose of withdrawing assets after the company filed for Chapter 11 bankruptcy in the U.S., court filings from Thursday show.
