Page 5 - Brian Simms News Today

Free National Movement (FNM) Leader Michael Pintard on Friday marched to the Office of The Prime Minister (OPM) to demand answers about the implosion of FTX, a now bankrupt multi-billion-dollar cryptocurrency exchange that just a few days ago was among the largest in the world. We think Pintard should carefully consider the wisdom of that

Opposition Leader Michael Pintard is calling on members of Parliament to declare whether they received campaign financing, loans or gifts from the now-collapsed Bahamas-headquartered crypto currency giant FTX. “All politicians before the election, after the election, should declare,” said Pintard outside the Office of the Prime Minister on Friday. “Did they receive any loans from FTX,

A Delaware judge who is overseeing the Chapter 11 bankruptcy case of FTX US, will hear arguments tomorrow over whether the Chapter 15 bankruptcy proceeding in New York, which was initiated by FTX Bahamas’ liquidators, should be transferred to his court. Brian Simms, KC, one of the joint provisional liquidators appointed to oversee the winding up

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Two days after freezing FTX Digital Market’s (FDM) assets on Nov. 10, the Bahamian securities regulator acted on a court order to seize and transfer FDM’s assets to a digital wallet controlled by the commission.

As the FTX bankruptcy case develops, FTX has appointed Kroll as its claim and noticing agent to help navigate the federal bankruptcy process.

An FTX filing says the embattled ex-CEO moved assets after declaring bankruptcy, giving the island nation an edge.

FTX Trading Ltd. said it has credible evidence that the government of The Bahamas directed unauthorized access to its systems in order to obtain digital assets after FTX had filed for Chapter 11 bankruptcy in the US. FTX Trading also blasted the Bahamian joint provisional liquidators, who were appointed by the Supreme Court to oversee

The Securities Commission of The Bahamas (SCB) said in a statement released late yesterday that it had assumed control of FTX Digital Markets’ (FDM) assets as of November 12 and transferred all digital assets of the company to a digital wallet it controls “for safekeeping”. The SCB added in its statement that it does not consider

The Bahamas struck first and struck hard. Yesterday, there were rumors going around that their government was pressuring Sam Bankman-Fried to give them