Bahamas Attorney General Gets Defensive as FTX Investors Wonder About Sam Bankman-Fried
Pinder was quick to note during his video stream that Alameda Research wasn’t regulated in the Bahamas, unlike FTX which was registered to do business there. Pinder also praised the Bahamas Securities Commission for moving “swiftly” to suspend FTX’s business license and appoint liquidators in the company, which was only recently valued at $32 billion.
“We understand the enormous interest in this story, but as a government we decided right away that what was most important was not to engage in speculation or gossip, but instead to proceed methodically and deliberately in accordance with the exercise of due process and the rule of law,” Pinder said.Pinder characterized the cryptocurrency industry as simply a new frontier that was bound to experience difficulties in its early years.
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