Bahamas Financial News

FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement. 

Former FTX CEO Sam Bankman Fried’s lawyers have requested for a pre-trial release citing a lack of adequate internet connectivity in the federal jail. SBF’s legal team argued that poor internet connection is a hindrance in their defence preparation and leads to a loss of time.

Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.

Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.

Another top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges

Category 5 storm of the Atlantic season.Lee was not expected to make landfall while on a projected path that will take it near the northeast Caribbean, although forecasters said tropical storm conditions are possible on some islands. Meteorologists said it was too early to provide details on potential rainfall and wind gusts.The storm was located some 965 miles (1,555 kilometers) from the northern Leeward Islands.

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly planning to plead guilty to criminal charges related to his alleged involvement in illicit activities at the failed cryptocurrency exchange.

Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial.

Faye Fantarrow, a British singer and songwriter, aged 21, has passed away at her home. Her mother, Pam Fantarrow, revealed that she succumbed to a rare glioma brain tumor, which she was diagnosed with in September 2022. Faye had previously battled leukemia twice, initially at the age of 8 and then again at 13. Fantarrow, hailing from Sunderland, England, was signed by Dave Stewart, the Eurythmics star, and her debut EP titled «AWOL» was released in February through Stewart's label, Bay Street Records. This EP was recorded in the Bahamas. Dave Stewart expressed his devastation at Faye's passing, describing her as a joyful and talented artist. He also praised the resilience shown by Faye and her mother in the face of adversity.Faye Fantarrow, born on April 28, 2002, was recognized by BBC Music Introducing as «One to Watch.» In 2021, she was honored with Alan Hull's annual Songwriting Award. To fund experimental treatment at City of Hope in California, Faye launched a fundraising campaign, raising over £235,000 (approximately $300,000). Unfortunately, she was unable to return for follow-up care due to her deteriorating health. Any surplus funds from the campaign were directed towards charitable contributions to further research in her memory. Despite the challenges she faced, Faye Fantarrow remained committed to her passion for writing, singing and performing. She once said, «Life very rarely goes to plan, but the plan was always to write, sing, and perform, and I've been lucky to be able to do that.»

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. 

Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment. 

Sam Bankman-Fried's Oct. 3 criminal fraud trial, after the jailed FTX founder's lawyers complained he did not have enough time to review millions of pages of evidence to help build his case. U.S.

Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.

Sam Bankman-Fried said Friday that prosecutors have delivered another four million pages of documents for the FTX founder to examine six weeks before trial, making it impossible for the former cryptocurrency executive to adequately review the evidence for an October trial from behind bars. Bankman-Fried lost the right to remain free on bail when a judge decided two weeks ago that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Prosecutors say he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company's multibillion-dollar collapse after the equivalent of a bank run. In a letter to U.S. District Judge Lewis A. Kaplan, attorneys Christian Everdell and Mark Cohen renewed their request for the 31-year-old to be freed so he can adequately prepare for his Oct. 3 trial. He'd been living with his parents in Palo Alto, California, under the terms of a $250 million bail deal that was in place since he was brought to the United States from the Bahamas in December. His lawyers appealed the ruling to jail him to the 2nd U.S. Circuit Court of Appeals. And earlier this week, they complained at a hearing that he has had to survive at a Brooklyn lockup on bread, water and peanut butter because they won't provide him with vegan food.

Sam Bankman-Fried's attorneys have raised concerns regarding the measures taken by authorities for their client's upcoming criminal trial in October. In an August 25 submission to the United States District Court for the Southern District of New York, the legal representatives argued that the measures proposed by the prosecutors were not adequate for the FTX founder to fully prepare for his trial.

Lawyers for Sam Bankman-Fried say prosecutors have delivered another four million pages of documents on the FTX founder six weeks before trial

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October.

Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter

Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter