Bankman-Fried: Bahamian real estate purchases were aimed at luring top Silicon Valley employees

NASSAU, BAHAMAS — Embattled former FTX CEO Sam Bankman-Fried claims that the company’s reported $300 million in Bahamian real estate purchases were aimed at attracting top Silicon Valley employees to The Bahamas. Bankman-Fried denied that he committed fraud and commingled FTX customer funds with his Alameda Research firm during a nearly hour-long interview yesterday. He […]

Future of FTX in The Bahamas in limbo after major rival agrees to acquisition

NASSAU, BAHAMAS — FTX’s future in The Bahamas appears uncertain after it was revealed yesterday that its rival—crypto giant Binance—would acquire the company amid liquidity concerns. Binance founder Changpeng Zhao and FTX founder Sam Bankman-Fried have been engaged in a months-long social media spat which escalated earlier this week. In a surprising turn of events, […]

CRYPTO REVOLUTION: FTX CEO says other countries “incredibly jealous” over Bahamas crypto exchange coup

NASSAU, BAHAMAS — The Bahamas has become a jurisdiction to be envied having attracted one of the world’s top cryptocurrency exchanges to its shores, the company’s CEO said yesterday. Sam Bankman-Fried, FTX Digital Markets CEO while addressing the groundbreaking of the company’s West Bay Street headquarters noted that after undertaking an intensive search, The Bahamas […]

PM says his administration committed to facilitating Fintech revolution

NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that his administration is committed to facilitating the Fintech revolution as an essential part of its diversification efforts. Davis was delivering remarks at the official launch ceremony of FTX Digital Markets – the world’s third-largest crypto exchange. He said the company’s decision to move its base […]