FTX probed for potential ‘prison misconduct’ by Monetary Crimes investigators: Bahamas police

“In gentle of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a workforce of economic investigators from the Monetary Crimes Investigation Department are working carefully with the Bahamas Securities Fee to analyze if any prison misconduct occurred,” a police spokesperson stated in a press release Sunday. FTX is registered within the Bahamas.

FTX co-founder Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, in line with an individual aware of the matter. Within the Bahamas, law-enforcement inquiries don’t essentially imply somebody shall be arrested or charged with a criminal offense. 

On Friday, greater than 130 entities tied to FTX.com, FTX US and buying and selling agency Alameda Analysis Ltd. have been listed in chapter filings at federal courtroom in Delaware. Bankman-Fried resigned as chief government officer of FTX Group as a part of the submitting.

The US Securities and Alternate Fee is investigating Bankman-Fried for potential violations of securities guidelines because the regulator deepens its probe into his crumbling FTX crypto empire, an individual aware of the matter stated final week. The Justice Division can also be trying into the scenario.