In response to Bahamas court docket filings filed Dec. 14, Ryan Salame, the previous co-CEO of FTX Digital Markets, advised the Securities Fee of the Bahamas (SCB) on Nov. 9 that FTX is remitting consumer funds to its sister buying and selling agency, Alameda Analysis.
He additionally advised SCB that solely three folks had the mandatory entry to switch consumer belongings to Alameda: former FTX CEO Sam Bankman-Fried, FTX co-founder Zixiao "Gary" Wang and FTX engineer Nishad Singh.
The allegation prompted SCB chief government Christina Rolle to contact the Commissioner of the Royal Bahamas Police Power to request an investigation.
Associated: Realized losses from the FTX collapse peaked at $9 billion, nicely beneath earlier crises
The data reveal the primary identified occasion of an FTX or Alameda government supporting authorities.
Hypothesis abounded on Dec. 4 when pictures allegedly confirmed Alameda CEO Caroline Ellison at a New York Metropolis espresso store a brief stroll from the US Lawyer's Workplace, main some to imagine she had struck a deal after FTX with the authorities may have collapsed.
A senior government at FTX's Bahamian unit gave native regulators a tip about attainable fraud being dedicated on the cryptocurrency change simply two days earlier than the change was compelled to close down.
This story is evolving and extra data will probably be added because it turns into accessible.
