O collapse gives handbag in cryptocurrencygivess FTX is under the scrutiny of Bahamas investigators, who are checking to see if any “criminal conduct has taken place”, the Royal Bahamas Police said Sunday.
THE FTX entered with order in bankruptcy on Friday, a givess biggest explosions givess bigins in crypto after traders rush to withdraw 6 billion in dollars gives platform in just 72 hours and rival exchange Binance abandons a proposed deal in rescue.
In a statement on Sunday, the Royal Police givess Bahamas said: “In light of the collapse gives FTX globally and gives liquidgivesprovisional tion gives FTX Digital Markets Ltd., a team in investigators Financial Crimes Investigation Branch is working closely with the Bahamas Securities Commission to investigate whether any criminal misconduct has occurred.”
THE FTX don’t answerinu immediately upon request in comment gives Reuters.
The newly appointed presidentinnte-executive gives FTXJohn J. Ray III, said Saturday that the company is working with authorigivesinregulators to mitigate the problem and is making “every effort to protect all assets, whereverin whatever they are”.
the drama thatgives gives platform made your fungivespain Sam Bankman-Fried, in 30 years, known per your composite garment per shorts and t-shirts, in poster boygives of successes givess cryptocurrencygivess for protagonist gives biggest drop in the industry.
Bankman-Fried, who lives in Bahamaswas also targeted in speculation about youriniro and he denied rumors on Twitter in who would have gone to South America.
When asked by Reuters on Saturday if he had flown to Argentina, he replied.inu in a message in text: “No”.
He told Reuters he was in the Bahamas🇧🇷
The crisis in FTX made at least 1 billion in dollars in funds in customers indisappear gives platformsources told Reuters on Friday.
Bankman-Fried transferred 10 billion in dollars in funds in customers for your company in trading, Alamegives research, in according to the sources.
New problems arose on Saturday when the general councilor gives FTX in the US, Ryne Miller said in a Twitter post that digital assets gives company were being moved to so-called cold storage “to mitigate the givesus inthen in observe transactions does not authorizegivess”.
Cold storage is about wallets in encryption that are not connectedgivess to the Internet to protect against hackers.
The company in analysis in blockchain Nansen said on Saturday that he observedgivess in 659 million in dollars gives FTX International and FTX US in the last 24 hours.
Source: CNN Brasil
I am Joe Jameson, author of World Stock Market. I have a fascination with the stock market and how it affects our world. I enjoy writing about my findings and hope to help others understand this complex system.