Bahamian police confirms FTX criminal probe as investigators from Financial Crimes Investigation Branch work with regulators

Reported by: KATANGA JOHNSON

The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX. 

“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 police spokesperson said in a statement Sunday. FTX is registered in the Bahamas.

FTX co-founder Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, according to a person familiar with the matter. In the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime.

Read full report: https://fortune.com/2022/11/13/ftx-criminal-misconduct-bahamas-police-securities-regulators-investigation/amp/

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