robot1234
2022-11-19

FTX tells court it has evidence Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy. FTX in an emergency court filing said it has evidence Bahamian regulators told former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it filed for bankruptcy protection.

It said Bankman-Fried transferred those assets to the custody of the Bahamian government.

In the motion, filed in the U.S. Bankruptcy Court in Delaware, FTX said the alleged conduct puts “in serious question” a request by Bahamian regulators for recognition as liquidators in the bankruptcy.

FTX in a bombshell emergency court filing Thursday said it has credible evidence that Bahamian regulators directed former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it had filed for Chapter 11 bankruptcy protection.

The filing said Bankman-Fried transferred those assets to the custody of the Bahamian government. It cites an interview published by Vox on Wednesday, in which Bankman-Fried expresses serious disdain for regulators.

“F--- regulators,” he said in the interview. “They make everything worse. They don’t protect customers at all.”

“You know what was maybe my biggest single f---up?” he asked. “Chapter 11.”

In the motion, filed in the U.S. Bankruptcy Court in Delaware, FTX said the alleged conduct puts “in serious question” a request by Bahamian regulators for recognition as liquidators in the bankruptcy.

Sorry, this post has been deleted
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • jethro
    2022-11-19
    jethro
    thanks for sharing
  • DannDann
    2022-11-19
    DannDann
    Excellent. Good sharing 👍🏻👍
  • MAH18
    2022-11-19
    MAH18
    [Comfort]
  • BB88
    2022-11-19
    BB88
    谢谢
  • Mar1717
    2022-11-19
    Mar1717
    Ok
  • tarotsgirl
    2022-11-19
    tarotsgirl
    ok
Leave a comment
13
1