FTX under investigation in the Bahamas for possible criminal misconduct
FTX, which filed for Chapter 11 bankruptcy protection in the U.S. on Friday, is now under investigation in its headquarters of the Bahamas. FTX globally and the provisional liquidations of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely.
FTX Digital Markets is a subsidiary of FTX Trading and is licensed and regulated in the Bahamas. FTX, one of the world's largest crypto exchanges, is also facing an investigation by the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) into its mismanagement of customer funds and relationships with FTX.US and Alameda Research. A later report said he and two former FTX associates were “under supervision” by Bahamian authorities.
Source
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