The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations. The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients.  In a statement on Nov. 12, the securities commission...Continue Reading

United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts. Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers. In FTX.US’ case, its products enable users to allow FTX.US customers to connect their bank accounts to the FTX app....Continue Reading

It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities. FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities.  The source familiar with the matter told Cointelegraph...Continue Reading