Bahamas Financial News

20.03 / 19:43

CBDC regulation US Presidential Florida gov and US presidential hopeful calls for CBDC ban

Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring for the 2024 United States presidential race, has called for a ban on a digital dollar.

20.03 / 19:41

UPS Digital Cooper CEO Shell FTX leadership asks Bahamas assets to be stripped, more inside

According to a legal filing on 19 March, FTX seeks to exclude the company’s Bahamian unit from any claim over company assets, claiming that it was a mere shell set up to further alleged fraud by founder Sam Bankman-Fried “SBF.”

20.03 / 19:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property

The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm's ownership.

17.03 / 19:21

FTX Lawsuit Ben Armstrong YouTube Influencers Face $1 Billion Class-Action Lawsuit Over FTX Endorsements – Who's Caught in the Crossfire?

A number of high-profile crypto and finance YouTubers are involved in a class-action lawsuit for promoting the now-defunct cryptocurrency exchange FTX.

16.03 / 10:31

business Fraud FTX Court SBF’s inner circle received $3.2B, mainly from Alameda: Court filings

FTX and Alameda Research’s former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm’s restructuring.

09.03 / 22:15

Provident Binance Digital Platform Assurant Kraken PCAOB warns investors of PoR report’s reliability in latest advisory

The Public Company Accounting Oversight Board’s (PCAOB) Office of the Investor Advocate recently issued an advisory for investors regarding the proof of reserve (PoR) reports by service providers, including audit firms registered with the PCAOB, to crypto entities such as exchanges and stablecoin issuers.

01.03 / 20:15

regulation Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?

A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies.

01.03 / 13:15

FTX Fried Sam Pressure Mounts on FTX Founder Sam Bankman-Fried as Former Director of Engineering Pleads Guilty – Here's What You Need to Know

Nishad Singh, the former director of engineering at now-defunct crypto exchange FTX, has pleaded guilty to U.S. criminal charges, agreeing to cooperate with the investigation into FTX founder Sam Bankman-Fried.

01.03 / 08:01

cryptocurrency FTX Executive Indian Indian-origin FTX executive Nishad Singh pleads guilty in crypto case

Indian-origin Nishad Singh, who was part of Sam Bankman-Fried’s inner circle that ran his crypto empire FTX, pleaded guilty to US criminal charges on Tuesday, and agreed to cooperate with the investigation into Bankman-Fried, Reuters reported.

27.02 / 15:21

Blockchain ETH Provident FIVE Digital CEO Pool financing Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

21.02 / 17:11

UPS Twitter FTX $200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened

Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets.

20.02 / 11:33

business FTX Bankruptcy hedge fund Hedge fund closes operations after losing funds in FTX exchange: Report

Hedge fund Galois Capital, one of the victims of the FTX collapse, has thrown in the towel after half of its assets got trapped in the bankrupt exchange. The fund has finally decided to shut down and return its remaining assets to investors.

18.02 / 01:25

regulation Fraud FTX Bankruptcy Deal Former FTX exec will plead guilty to federal charges with a deal: Report

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said.

14.02 / 20:07

vpn FTX Fried Prosecutors Voice Concern Over Bankman-Fried's Use of VPN

US prosecutors have expressed concern over Sam Bankman-Fried's use of a Virtual Private Network (VPN) to access the internet while under house arrest.

14.02 / 13:13

CFTC SEC FTX Fried Sam lawsuits SEC and CFTC's Lawsuits against Sam Bankman-Fried Put on Hold by U.S. Judge – Here's Why

A New York judge has put cases against the former FTX CEO brought by the Securities and Exchange Commission and the Commodity Futures Trading Commission on hold until the criminal cases against him are concluded.

14.02 / 05:25

CFTC regulation SEC Department Of Justice FTX CFTC and SEC cases against SBF deferred until after criminal trial

A New York judge has granted a request from prosecutors to defer civil proceedings from the Commodities Futures Trading Commision (CFTC) and the Securities Exchange Commision (SEC) until after Sam Bankman-Fried’s criminal trial in October.

13.02 / 19:53

CEO stake DOJ Seizes SBF's $465 Million Robinhood Stake

The U.S. Department of Justice (DOJ) on Monday seized $465 million in shares of the stock-trading app Robinhood that are partially owned by disgraced former FTX CEO Sam Bankman-Fried, or SBF, who wanted access to the stock to help pay his legal fees.

13.02 / 19:24

Twitter Waters CEO FTX Founder Dodges Subpoena, Agrees to Testify in Congress

Sam Bankman-Fried, the founder and former CEO of FTX, will testify Dec. 13 at a congressional hearing related to the collapse of the crypto exchange.

13.02 / 18:58

Binance CEO Software Southern Forbes FTX CEO Blasts Previous Leadership As Inexperienced And Unsophisticated

The collapse of FTX was caused by “a very small group of grossly inexperienced and unsophisticated individuals,” the crypto exchange's new CEO, John Ray III, said today during a House Financial Services Committee hearing. Ray appeared before Congress alone as the former CEO of now-bankrupt FTX, Sam Bankman-Fried, was arrested yesterday in the Bahamas.

13.02 / 18:44

Platform Fried Sam Extradition NOT Sam Bankman-Fried Has Not Yet Agreed to Extradition to the U.S.

Sam Bankman-Fried, who is currently being held in a Bahamian jail after the collapse of FTX, will not decide whether to consent to extradition until he has read the indictment in Manhattan federal court, according to his lawyer, who appeared with him in a Bahamian court.

13.02 / 18:32

UPS Cooper CEO Platform Fried Sam bail Sam Bankman-Fried to Be Released on $250 Million Bail

Sam Bankman-Fried will be freed on $250 million bail after he was extradited to New York to face criminal fraud charges from the collapse of FTX, the failed crypto trading platform. Bankman-Fried, who has previously said he just $100,000 left,will remain under house arrest at his parents' home in Palo Alto, California, wear an electronic monitor and surrender his passport. The ruling by federal judge Gabriel Gorenstein, came a day after he arrived in the U.S. from the Bahamas.

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