Bahamas probing cryptocurrency platform FTX | The Malaysian Insight
Analysts say more than US$475 million believed to have been looted from accounts.
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Analysts say more than US$475 million believed to have been looted from accounts.
The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highest-profile crypto blowups, after traders rushed to withdraw $6 billion from the platform…
The saga has highlighted a volatile market and prompted calls for better regulation across the crypto industry.
(Reuters) -The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highestprofile crypto blowups, after traders rushed to w...
After filing for Chapter 11 bankruptcy protection in the US district of Delaware last week, having its assets frozen by the Securities Commission of The Bahamas and put into liquidation, things have not gotten any better for embattled crypto exchange platform FTX, which is headquartered in The Bahamas. Shortly after being put into liquidation, FTX