Bahamas Police Force are Investigating FTX for “Criminal Misconduct”.
The Bahamas police noted that they were trying to determine whether there was any criminal misconduct during the investigation.
Investigating FTX Collapse
Financial investigators are investigating the now-bankrupt crypto exchange FTX, according to a statement shared by the Royal Bahamas Police Force yesterday.
“In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred,” according to RBPF statement sent to Decrypt.
Prior to that, the Bahamas Securities Commission took action against FTX by freezing their assets on Nov. 11.
Customers from the Bahamas cannot withdraw from FTX, as the regulating entity did not give the company permission to do so.
“The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian clients,” cited the letter posted on Twitter by the regulator.
Securities Commission Addresses FTX Statement on Bahamian Withdrawals pic.twitter.com/OZKWwicSuN
— Securities Commission of The Bahamas (@SCBgov_bs) November 12, 2022
It comes following the bankruptcy filing of FTX Digital Markets Ltd. and Alameda Research, as well as 134 other companies. One of these companies further explained that they were inadvertently included in FTX’s bankruptcy.
The Crypto Twitter rumor according to Flightradar24 that Sam Bankman-Fried’s (SBF) private jet was the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was unfounded,
Because he told Reuters on Saturday he was still in his mansion in Bahamas together with 10 friends and colleagues.
“Reuters asked Bankman-Fried whether he had flown to Argentina, and he replied through a text message: ‘Nope.’ “ the author wrote.
In a report published by Bloomberg and confirmed by Bahamas police, he was quizzed by police on Saturday night.