Bahamas PM says FTX former CEO questioned by local authorities & More Trending News


Prime Minister Phillip “Brave” Davis says the former chief govt officer of the collapsed Bahamas headquartered FTX, Sam Bankman-Fried has been interviewed by local authorities as investigations proceed into the demise of the crypto large. 

Prime Minister Davis instructed reporters “I heard that he was,” including that he was not involved that FTX’s collapse would negatively impression the nation’s actual property market. 

During an interview on Wednesday on the DealBook Summit in New York City, Bankman-Fried, who spoke through video name from The Bahamas, spoke concerning the collapse of FTX, which is registered in The Bahamas as FTX Digital Markets Ltd. 

The firm moved its headquarters from Hong Kong to The Bahamas final 12 months and the police in Nassau have already introduced an investigation into FTX that had been backed by elite buyers like BlackRock and Sequoia Capital, quickly changing into one of many largest crypto exchanges on the planet. 

II addition to the SCB probe, the US Justice Department can also be investigating FTX. 

Acting Commissioner of Police Leamond Deleveaux instructed The Nassau Guardian newspaper that police had not interviewed Bankman-Fried, who was nonetheless in The Bahamas as of Thursday. 

Last week, the federal government dismissed as “inaccurate allegations” worldwide criticism of the nation’s digital asset rules following the collapse of FTX. 

Attorney General Ryan Pinder warned that “ill-informed speculation” is not going to be useful to anybody concerned, essential additionally of these individuals who’ve been criticising the federal government for being “silent” on issues concerning FTX’s implosion. 

Bahamas PM says FTX former CEO questioned by local authorities

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Bahamas PM says FTX former CEO questioned by local authorities

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Bahamas PM says FTX former CEO questioned by local authorities

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