National
PM Dodges Questions Surrounding FTX Collapse
NASSAU, BAHAMAS – The Bahamas now tied to the FTX fall-out as new worrying details emerge about the company’s operations and the allegation of mis-use of clients funds.
NASSAU, BAHAMAS – The Bahamas now tied to the FTX fall-out as new worrying details emerge about the company’s operations and the allegation of mis-use of clients funds and alleged failure to follow Securities Commission regulations.
This as local police alongside the Securities Commission launches an investigation into FTX following last weeks’ collapse of the billion dollar crypto company.
Prime Minister Philip Davis dodged reporters’ questions on the matter.
Police Commissioner Clayton Fernader told a local daily, that police had yet to meet with Bankman-Fried on the matter.
FTX filed for chapter 11 bankruptcy protection in the US on Friday.
All of its assets were frozen by the Securities Commission of The Bahamas and put into liquidation.
FTX CEO Sam Bankman-Fried lost his $16 billion fortune in less than a week and resigned from the company.
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