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FTX: Bahamas investigating collapsed crypto platform

FTX is suspected of misappropriating customer funds. The platform's founder and former CEO, Sam Bankman-Fried, lives in the island country.

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15 Nov 2022
The troubled platform's new CEO said it was hit by "unauthorized transactions," fueling rumors of a cyberattack or insider theft. FTX filed for bankruptcy protection after a crypto equivalent of a bank run.
14 Nov 2022
FTX is suspected of misappropriating customer funds. The platform's founder and former CEO, Sam Bankman-Fried, lives in the island country.
18 Nov 2022
John Ray III said the trading firm was poorly regulated in the Bahamas, where the company is headquartered. He also criticized the poor management style of his predecessor, Sam Bankman-Fried.