Bahamian law enforcement officials are taking a closer look at the collapse of crypto giant FTX, reportedly probing whether any “criminal misconduct occurred” amid big money exchange scene and withdrawal of 6 billion dollars lead to the bankruptcy of this platform or not. hours.
“In light of the global collapse of FTX and the temporary liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch is working closely with the Securities Commission of the Bahamas. to investigate whether any criminal wrongdoing occurred,” the Royal Bahamas Police said in a statement.
The investigation adds to a US investigation led by the Justice Department and the Securities and Exchange Commission examining the platform’s policies and conduct and Sam Bankman-Fried, CEO and founder of the platform. it.
Once poster boy for the emerging virtual market, Bankman-Fried resigned from FTX on Friday while the platform filed for Chapter 11 bankruptcy and amid a flurry of accusations — including that FTX lost about 1 to $2 billion in customer funds, and that idiot transferred $10 billion in customer assets from FTX to his other company, Alameda Research.
According to text messages exchanged with Reuters, Bankman-Fried “disagrees with the characterization” of the transfer to Alameda, stating that it does not “transfer secrets”.
Instead, the fired CEO claimed that they had “internally labeled misleading and misread” and replied “???” to a question about the lack of $1 billion in client funds.
The group’s new CEO, John J. Ray III, said in a statement on Saturday that FTX is working with law enforcement and “is doing its best to protect all assets, anywhere.”