Thu, July 18

Securities Commission of the Bahamas Puts Forth Stringent Crypto Regulations

The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting

April 26, 2023 2 mins read

Sam Bankman-Fried Agrees to U.S Extradition to Face Charges

The former CEO of FTX, Sam Bankman-Fried’s defense lawyer Jerone Roberts announced on Monday afternoon that “his client has accepted to voluntarily extradited to the United States”, where federal authorities have prosecuted SBF with eight charges of fraud and conspiracy.  The 180-degree door was turned open by Bahamas officials for

December 20, 2022 1 min read

FTX Founder Sam Bankman-Fried Denied Bail by Bahamas Authority

Sam Bankman-Fried, the founder of the bankrupt crypto exchange, FTX, has been denied bail by a judge in the Bahamas. According to the latest reports, the Bahamian authorities will continue to detain Bankman-Fried, following his arrest held on December 12.  Joyann Ferguson-Pratt, the judge presiding over the case, has ordered

December 14, 2022 1 min read

Bankman-Fried’s Parents Reportedly Spend Millions on Properties in the Bahamas

Top officials at the defunct exchange FTX run by Sam Bankman-Fried (SBF), as well as his parents, spent $121 million in Bahamas investment. 19 residences in total were bought over two years, according to the investigation.    High-end beachfront properties made up the majority of FTX’s acquisitions. Seven condominiums in Albany’s

November 22, 2022 1 min read

Bahamian Government Instructed Sam Bankman-Fried to Hack FTX

According to court documents filed on Thursday, the bankrupt crypto exchange FTX claims the government of the Bahamas ordered unlawful access to the firm’s systems so that assets could be taken out after the company filed for Chapter 11 bankruptcy in the U.S.  “Unauthorized” FTX Transactions by the Bahamas The

November 18, 2022 1 min read

FTX Assets Overseen By Bahamas Supreme Court

According to the official notice on Nov 14, the Bahamas Supreme Court has approved a partnership with PricewaterhouseCoopers, also known as PwC. Which provides clients with a variety of professional business services such as accounting, auditing, human resources consulting, and strategy management, as provisional liquidators to oversee the FTX assets.

November 16, 2022 1 min read

Bahamian Regulator Freezes FTX Assets, Labeling “Prudent Course of Action”

According to a press release on Thursday, Bahamian officials have frozen the assets of FTX Digital Markets and linked parties as a “prudent course of action” to preserve assets and stabilize the company. Brian Sims, a senior partner at Lennox Paton, was chosen by the Securities Commission of the Bahamas

November 11, 2022 1 min read