Court documents from lawyers involved in FTX on Monday Trading LTD’s Chapter 11 bankruptcy case alleges that the Bahamian government has commissioned disgraced FTX co-founder Sam Bankman-Fried (SBF) to issue new crypto tokens. The attorney detailed that it was a “request for live, dynamic access that will be provided immediately to the Bahamian government and the two men.”
Following the arrest in the Bahamas of Sam Bankman-Fried (SBF), who was accused of receiving special treatment from SBF accused of cheating over FTX demise. Additionally, the Southern District of New York (SDNY) Attorney’s Office and his SDNY attorney, Damien Williams, also reportedly charged SBF with the crime.
“Manhattan’s federal attorney’s office Tuesday indicted disgraced FTX founder Sam Bankman-Fried over a multi-year plot to siphon funds from the now-collapsed cryptocurrency exchange. We have released eight indictments.” law360.com court reporter Rachel Scharf disclosed on Tuesday. Further,FTX Chapter 11 bankruptcy court documents show that the joint interim liquidators of FTX Digital Markets filed a motion to dismiss the Chapter 11 case of FTX Property Holdings LTD. is showing.
The lawyer also accuses the Bahamian government of commissioning SBF to create new digital tokens worth millions of US dollars. According to FTX’s legal team, the tokens were said to have been handed over to officials in the Bahamas. FTX’s new CEO, John J. Ray III, and his team noticed that new tokens were being issued, and SBF and he agreed that FTX co-founder Gary Wang had received orders from officials in the Bahamas. I suspected that it was an executive who worked on The news follows a bizarre relationship his FTX insiders, like exchange boss Ryan Salame, had with vertical farming companies.
Ryan Salame and Bahamian Prime Minister (PM) Philip Davis visited Ohio in January 2022 to inspect a business called 80 Acres Farms. Additionally, in aninterviewwith Mario Nawfal’s Twitter Spaces crew, FTX co-founder and SBF said that he probably spent two years in the Bahamas before FTX completely collapsed. Acknowledged that a withdrawal to the population has taken place. The SBF also discussed giving the green light to the withdrawal of the Bahamas in his two-part interview with Tiffany Fong (here and here). An American attorney for FTX detailed that SBF negotiated with the Bahamian government this week and that withdrawals of $100 million per day were said to have been granted by the SBF.
Lawyers discussing the issuance of a new crypto token for the Bahamian government said SBF and Gary Wang worked very closely with officials prior to the November 11, 2022 bankruptcy filing. claimed to have cooperated. Dynamic access will be provided immediately to the Bahamian government and to Samuel Bankman-Fried and Gary Wang, who are based in the Bahamas and work closely with Bahamian officials,” said FTX attorneys. said in court.
Following the allegations, theBahamas Securities Commission issued a statement, wholeheartedly denying his FTX CEO John Ray’s allegations published in court filings. Bahamian regulators said the charges were intended to “give a false impression of the correspondence between Bankman-Fried and the Commission.”
What are your thoughts on the allegations against the Bahamian authorities? Do you think the SBF gave Bahamian officials special treatment? Please let me know.
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