11/28/2022, 5:52 AM (Source: TeleTrader)
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AG: The Bahamas investigating FTX

Cryptocurrency exchange FTX is under civil and criminal investigations in the Bahamas, where it was headquartered, the country's Attorney General Ryan Pinder reiterated in a speech.

Pinder defended actions made by the Securities Commission of the Bahamas, namely the seizure of FTX's local assets, in light of comments made by new FTX CEO John Ray, who criticized Bahamian regulators for the move as there is a separate bankruptcy process in the United States.

The Bahamian official called for "prudence and restraint" in future statements by the US side as the investigations into the now-collapsed crypto exchange are ongoing.

Baha Breaking News (BBN) / MS