The Securities Commission of the Bahamas said it did not require failed crypto exchange FTX to allow withdrawals for users in the country.
November 12, 2022, 7:42PM ESTFTX Digital Markets CEO Ryan Salame is sticking around the bankrupt company to salvage what’s left and has hired lawyers amid the bankruptcy chaos, people
familiar with the matter told The Block. Additionally, former Alameda Research CEO Sam Trabucco, who stepped stepped down in August, is hiring a lawyer. He was replaced by Caroline Ellison, […]
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Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local WithdrawalsThe Bahamas' securities regulator, SCBgov_bs, said Saturday it had not required FTX_Official to reopen withdrawals for local customers, contradicting the explanation FTX gave for allowing those withdrawals. nikhileshde reports
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Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin NewsBahamas' securities regulator has frozen FTX's assets and the supreme court has appointed a provisional liquidator. crypto cryptocurrency
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FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit RampUPDATE: soBTC largely recovered in price after FTX US reopened withdrawals, restoring a critical offramp for the wrapped bitcoin asset.
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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
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FTX spent $74 million on real estate in the Bahamas this year: ExclusiveFTX spent the past year buying up residential property around its headquarters in the Bahamas.
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