Bahamian regulators have denied directing, authorizing, or suggesting FTX to prioritize withdrawals for Bahamian clients.
their locked funds, with much of the activity going through the Bahamas.
“The Commission further notes that such transactions may be characterized as voidable preferences under the insolvency regime and consequently result in clawing back funds from Bahamian customers,” it noted, adding: The latest statement from the SCB comes only days after the securities regulator froze FTX's assets on Nov. 10 and suspended FTX's registration in the country.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit RampUPDATE: soBTC largely recovered in price after FTX US reopened withdrawals, restoring a critical offramp for the wrapped bitcoin asset.
Read more »
FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
Read more »
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
Read more »
Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin NewsBahamas' securities regulator has frozen FTX's assets and the supreme court has appointed a provisional liquidator. crypto cryptocurrency
Read more »
Bahamas Regulator Freezes Assets Belonging to Beleaguered FTX Crypto ExchangeThe crypto exchange's problems continue to worsen even after SBF's recent apology.
Read more »