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FTX subject of ‘active’ investigation in Bahamas

Posted On: Nov. 28, 2022 10:23 AM CST


(Reuters) — Collapsed cryptocurrency exchange FTX remains the subject of “an active and ongoing investigation” by Bahamian authorities, Bahamian Attorney General Ryan Pinder said Sunday.

FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas. The company, whose liquidity crunch forced it to declare bankruptcy on Nov. 11, is the subject of investigations by Bahamian and U.S. authorities. In mid-November, the Royal Bahamas Police said that government investigators in the Bahamas were looking at

Mr. Pinder said the Bahamas Securities Commission, Financial Intelligence Unit and the police's Financial Crimes Unit would “continue to investigate the facts and circumstances regarding FTX's insolvency crisis, and any potential violations of Bahamian law.”