Bahamas Police Are Investigating Potential ‘Criminal Misconduct’ by FTX

The Securities Commission of The Bahamas, where FTX is headquartered, already froze the exchange’s assets last Thursday and called for a liquidator. 

Now the local police force is involved.

On Sunday morning, the Royal Bahamas Police Force (RBPF) sent this statement to Decrypt: “In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred.”

A spokesperson for the RBPF would not tell Decrypt whether the new investigation is a direct response to the events of Friday night, when more than $650 million in funds left FTX in strange transfers that FTX US general counsel Ryne Miller called “unauthorized.”

Former FTX CEO Sam Bankman-Fried was quizzed by Bahamas police on Saturday night, Bloomberg reported and Bahamas police confirmed to Decrypt.

Editor’s note: This is a breaking post and is being updated in real time.

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Written by Mat Di Salvo on 2022-11-13 15:54:56.

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