Newstrail.com

FTX collapse being scrutinized by Bahamas investigators

Published by
Reuters UK

(Reuters) -The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highestprofile crypto blowups, after traders rushed to withdraw $6billion from the platform in just 72 hours and rival exchangeBinance abandoned a proposed rescue deal. In a statement on Sunday, the Royal Bahamas Police said: “In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investi…

Read More