FTX former CEO questioned by local authorities in The Bahamas

Prime Minister Phillip “Brave,” Davis claims the former CEO of the defunct Bahamas-based FTX, Sam Bankman-Fried, has been interrogated by local authorities as investigations into the crypto giant’s implosion continue.

Prime Minister Davis told reporters, “I heard that he was,” adding that he was not concerned that FTX’s collapse would negatively impact the country’s real estate market.

During an interview at the DealBook Summit in New York City on Wednesday, Bankman-Fried, who spoke via video call from The Bahamas, discussed the collapse of FTX., which is registered here as FTX Digital Markets Ltd.

The firm relocated its headquarters from Hong Kong to The Bahamas last year, and Nassau authorities have already announced an inquiry into FTX, which was backed by top investors like as BlackRock and Sequoia Capital and grew to become one of the world’s largest crypto exchanges.

In addition to the SCB investigation, the US Justice Department is looking into FTX. According to Acting Commissioner of Authorities Leamond Deleveaux, who was still in The Bahamas on Thursday, police had not interrogated Bankman-Fried.

Following the collapse of FTX, the government rejected foreign criticism of the country’s digital asset legislation as “inaccurate allegations” last week.
Attorney General Ryan Pinder warned that “ill-informed speculation” will not benefit anybody concerned, blasting individuals who have criticised the government for being “silent” on the FTX debacle.

See also  Jamaica and IMF Reach Staff Level Agreement
Scroll to Top