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In his first public statements since the collapse of Bahamas-based FTX, Prime Minister Philip Davis said in the House of Assembly yesterday that based on the analysis and understanding of the FTX liquidity crisis, to date, “we have not identified any deficiencies in our regulatory framework that could have avoided this”. “In fact, it was
The name of a Berkshires native surfaced Thursday in one of the early bankruptcy documents in the epic collapse of the FTX Group, the global cryptocurrency firm. That name, Ryan
Brian Simms, KC, one of the joint provisional liquidators overseeing the winding up of FTX Digital Markets, said he rejects the validity of FTX’s chapter 11 bankruptcy filing in the US, arguing that he did not authorize it. In a Chapter 15 bankruptcy filing in New York, Simms said Sam Bankman-Fried established the FTX network
Liquidators for FTX filed a petition to a New York court, rejecting the validity of US bankruptcy proceedings, arguing that Bahamanian law takes precedent.
Former FTX CEO Sam Bankman-Fried, whose multibillion-dollar crypto empire crumbled in the span of days, said yesterday he is committed to making his customers whole. “My goal — my one goal — is to do right by customers,” Bankman-Fried tweeted. “I’m contributing what I can to doing so. I’m meeting in-person with regulators and working