Page 4 - Brian Simms News Today

The Securities Commission of The Bahamas (SCB) is holding $3.5 billion worth of digital assets it recovered from FTX Digital Markets (FTXDM) with the help of FTX founders Sam Bankman-Fried and Gary Wang in the days after FTX’s collapse in early November, SCB Executive Director Christina Rolle said in a court document. In a 500-page affidavit

Taking stock of the 2023 prospects the Bearcats expect to sign this week, along with other roster and transfer portal updates.

Sam Bankman-Fried has reportedly made a second application for bail in the Bahamas – this as lawyers feud over control of the FTX bankruptcy, raising concern the sour grapes may seep into efforts to have Bankman-Fried extradited to face fraud charges in the U.S.

Sam Bankman-Fried, the disgraced former CEO of cryptocurrency exchange FTX, whose billion-dollar company went bust last month, was arrested late yesterday, Attorney General Ryan Pinder announced. “SBF’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” the Office of

A few days ago we asked how much longer do we have to wait for the "first-day affidavit" in the FTX bankruptcy, traditionally the most detailed and comprehensive summary of how any given company collapsed into Chapter 11 (and in FTX's case,...

Rejecting concerns raised over the collapse of crypto giant FTX and worries that it could negatively impact The Bahamas, Minister of Foreign Affairs Fred Mitchell said yesterday that The Bahamas’ future will in no way be threatened by FTX. “I watched the Wall Street Journal piece yesterday I think it was,” Mitchell, the chairman of

Bahamas-headquartered FTX, its former CEO Sam Bankman-Fried and other company associates spent more than $130 million on real estate in The Bahamas since 2020, according to documents. This is what The Nassau Guardian has been able to track so far, the number is likely higher with US court filings indicating as much as $300 million in property was

FTX US revealed yesterday that an agreement was reached with the Bahamian appointed joint provisional liquidators to transfer their Chapter 15 bankruptcy petition in New York to Delaware and that it hopes to engage in constructive dialogue with the liquidators in the future. James Bromley, proposed co-council for FTX US in the Chapter 11 case,

A Delaware judge will hear a motion Tuesday seeking to transfer the Chapter 15 case filed by provisional liquidators in the Bahamas to the jurisdiction of the Delaware bankruptcy court.

Responding to criticism over the collapse of The Bahamas-based cryptocurrency exchange FTX, Minister of Foreign Affairs Fred Mitchell, who also serves as chairman of the Progressive Liberal Party (PLP), assured party supporters yesterday that there is nothing unusual about it and that the Americans “can’t talk” about scandals. The PLP chairman made the comments in