The FTX founder blew into the island nation with promises of prosperity and philanthropy. After he allegedly oversaw the use of customer deposits to fuel risky crypto trading, Bankman-Fried’s empire collapsed — and Bahamians are reeling from yet another scandal.
Monday that, following a hack of the FTX exchange on November 10 that drained more than $400 million from customer wallets, the Bahamian government tapped crypto infrastructure firm Fireblocks to help secure the remaining funds. Bahamas officials are also sparring with U.S. regulators over the jurisdiction of FTX’s bankruptcy proceedings, which were filed in a Delaware court. The office of Prime Minister Davis did not respond to a request for comment.
last Friday in front of the prime minister’s office, Pintard questioned the level of due diligence performed by Bahamian regulators. “Everything is on the table at the moment,” he toldrestaurants once frequented by FTX employees on a near-nightly basis are now alight with gossip over their departure. Restaurant staffers recalled the gang of “socially awkward” nerds they had come to know, their impressions marred by the gravity of claims currently being leveled against the group.
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