NASSAU, BAHAMAS — Disgraced FTX founder Sam Bankman-Fried has agreed to be voluntarily extradited to the United States. SBF’s lawyer Jerone Roberts confirmed to Eyewitness News that his legal team is now preparing the necessary legal documents, adding that he hoped SBF would be returned to court this week. He was flanked by attorneys Crystal […]
NASSAU, BAHAMAS — An emergency hearing for disgraced FTX founder Sam Bankman-Fried was forced to take a 45-minute recess after his lawyers told a magistrate his appearance this morning was “shocking” and “premature”. SBF’s counsel Jerone Roberts told magistrate Shaka Serville that he has not yet made any formal request for his client to appear […]
NASSAU, BAHAMAS — FTX’s joint provisional liquidators have refuted assertions that they “sat on their hands” and waited a month to file an emergency motion seeking to gain access to the collapsed company’s electronic records. The provisional liquidators argued that despite attempting to appear cooperative, the US Debtors have been “stringing the process along.” Court […]
NASSAU, BAHAMAS — Bahamas Department of Correctional Services acting Commissioner of Corrections Doan Cleare has confirmed that embattled former FTX CEO Sam Bankman-Fried is currently in the sick bay of the maximum security block with five other men. Cleare told Eyewitness News that the 30-year-old disgraced billionaire seemed to be in good spirits when he […]
NASSAU, BAHAMAS — Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, was yesterday remanded to the Bahamas Department of Correctional Services as he fights extradition to the United States. Citing his access to “substantial finances”, Chief Magistrate Joyann Ferguson-Pratt said she did not believe there was any bail condition she could impose that would […]
NASSAU, BAHAMAS — The US Securities Exchange Commission (SEC) has charged disgraced former FTX CEO Sam Bankman-Fried with orchestrating a scheme to defraud investors of billions of dollars which he diverted to his Alameda Research crypto hedge fund for his own personal benefit and to help grow his crypto empire. The regulator claims that since […]
NASSAU, BAHAMAS — FTX CEO John Ray III in a congressional hearing into the company’s collapse yesterday slammed The Bahamas’ company liquidation process as lacking transparency, claiming that the ‘pushback’ being received from the Bahamian government and regulators was ‘extraordinary’ and ‘irregular.’ Ray was addressing a House Financial Services Committee hearing into the collapse of the […]
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 […]
Liquidators say their work has been hampered by lack of access to company books and records NASSAU, BAHAMAS — The Court appointed joint provisional liquidators for Bahamas-based FTX Digital markets said yesterday that there remains “significant uncertainty” around the outcome of proceedings involving the company, noting that their work has been hampered by a lack […]
PM says he is not invested with the company, nor any Cabinet minister NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that to his knowledge the Progressive Liberal Party (PLP) received no campaign financing or funding from FTX, assuring that the government has no exposure to the collapsed crypto company. Davis when asked directly […]
NASSAU, BAHAMAS — The Supreme Court of The Bahamas yesterday granted the Securities Commission of The Bahamas the right of indemnity and right to be reimbursed for expenses reasonably incurred during regulatory action taken to safeguard the digital assets of FTX Digital Markets Ltd (FDM). The order reportedly confirms that FDM shall ultimately bear the […]
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, […]
