Bahamas reportedly asked SBF to mint new coin after FTX collapse

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Bahamas reportedly asked SBF to mint new coin after FTX collapse
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Bahamas government officials reportedly asked Sam Bankman-Fried to mint new digital assets worth “hundreds of millions of dollars.”

The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials.

The report also suggests that Bahamas officials tried to help Bankman-Fried regain access to key computer systems of the now-defunct FTX trading platform. According to American lawyers, Bahamas officials were “responsible for directing unauthorized access” to FTX systems in order to take over control of digital assets under the supervision of a U.S. court., reportedly watched as someone minted new coins while he and his team attempted to get control of FTX’s computer systems, the report notes.

“It is a request for live, dynamic access that would be provided immediately to the government of the Bahamas and to Messrs,” the lawyers reportedly wrote in a court filing on Tuesday.

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