FTX bought $121M properties in Bahamas within 2 years

Bankrupt crypto exchange FTX, alongside senior executives at the firm and parents of Sam Bankman-Fried, bought at least 19 properties worth $121 million in the Bahamas within the last two years, Reuters reported Nov. 22. According to the report, FTX purchased seven condominiums in a resort community called Albany for $72 million -one of these…

FTX ordered to indemnify and reimburse Bahamas for assets safekeeping

Bahamas Supreme Court on Nov. 21 ordered bankrupt crypto exchange FTX to indemnify and reimburse the Securities Commission of Bahamas (SCB) for expenses it will incur while safekeeping its digital assets. Securities Commission of The Bahamas Secures Court Order For Right of Indemnity and Reimbursement. https://t.co/j7AAxZhdrQ pic.twitter.com/aBQLJtYQ8q — Securities Commission of The Bahamas (@SCBgov_bs) November…

Bahamas watchdog ordered FTX to send digital assets to its wallet

The Securities Commission of Bahamas revealed on Nov. 18 that it directed FTX to transfer digital assets under its control to the Commission’s wallet on Nov. 12. Securities Commission of The Bahamas Assumes Control of Assets of FTX Digital Markets Ltd. pic.twitter.com/IzW4PGZSJm — Securities Commission of The Bahamas (@SCBgov_bs) November 18, 2022 According to the regulator,…