Bahamian regulator sc_bgov is firing back at allegations made by FTX_Official that it had directed the unauthorized transfer of funds from the bankrupt platform, and says it was done to safeguard assets against hacks. By iamsandali
The Securities Commission of The Bahamas is firing back at collapsed crypto exchange FTX's accusations that the country had directed unauthorized access to transfer assets off the platform after it filed for bankruptcy protection in the U.S.
Sam Bankman-Fried's collapsed crypto enterprise, under new leadership, has kicked off insolvency proceedings in the U.S. Bankruptcy Court for the District of Delaware. Shortly after the company filed for chapter 11 bankruptcy on Nov. 11, court-appointed liquidators in the Bahamas filed another chapter 15 suit for cross-border insolvency proceedings in a New York Court.
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