Investigators from The Bahamas’ Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred at cryptocurrency trading firm FTX.
The Royal Bahamas Police in a statement said this is in light of the recent collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd.
FTX, filed for Chapter 11 bankruptcy protection last Friday. The FTX crypto fallout has sent shockwaves throughout the industry.
On November 10, the Securities Commission of The Bahamas froze the assets of FTX Digital Markets and its related parties. The Commission also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd.
