Proof SBF Voluntarily Opened Withdrawals For Users In The Bahamas Before Bankruptcy
A document that recently revealed emails sent by Sam Bankman-Fried (SBF) to the Bahamas government before the company filed for bankruptcy showed that he voluntarily reopened withdrawals for Bahamas users to gain the support of the country’s government.
On December 13, according to a US Bankruptcy Court document shared by KOL Autism Capital on Twitter, an email revealed by this document appeared that SBF took place at 2:27 UTC on the 10th.
November, which is the day before FTX went bankrupt, it announced in an email exchange with Bahamian officials that local users can open withdrawals so Bahamian users can get all the money.
Some netizens commented that SBF allowed withdrawals in the Bahamas to please the Bahamian regulators and not by their express request or because of regulations.
According to the announcement issued by FTX on November 11, FTX opened the withdrawal function for Bahamian users on the grounds of compliance with the regulations of the country’s regulator. The announcement came before SBF’s tweet announcing that FTX had entered bankruptcy proceedings.
Previously, according to Bloomberg News, officials in the Bahamas were investigating whether some users were still able to withdraw cash after the FTX assets were frozen, including whether FTX executives were aware of the fraud. This or not has played a role in it.
However, the action does not seem to be effective at this time when on December 12, SBF was arrested by the police of the Bahamas following criminal charges reported by US prosecutors. SBF is facing a variety of criminal charges including wire fraud, securities fraud and money laundering, conspiracy to commit fraud, …
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Website: coincu.com
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Proof SBF Voluntarily Opened Withdrawals For Users In The Bahamas Before Bankruptcy
A document that recently revealed emails sent by Sam Bankman-Fried (SBF) to the Bahamas government before the company filed for bankruptcy showed that he voluntarily reopened withdrawals for Bahamas users to gain the support of the country’s government.
On December 13, according to a US Bankruptcy Court document shared by KOL Autism Capital on Twitter, an email revealed by this document appeared that SBF took place at 2:27 UTC on the 10th.
November, which is the day before FTX went bankrupt, it announced in an email exchange with Bahamian officials that local users can open withdrawals so Bahamian users can get all the money.
Some netizens commented that SBF allowed withdrawals in the Bahamas to please the Bahamian regulators and not by their express request or because of regulations.
According to the announcement issued by FTX on November 11, FTX opened the withdrawal function for Bahamian users on the grounds of compliance with the regulations of the country’s regulator. The announcement came before SBF’s tweet announcing that FTX had entered bankruptcy proceedings.
Previously, according to Bloomberg News, officials in the Bahamas were investigating whether some users were still able to withdraw cash after the FTX assets were frozen, including whether FTX executives were aware of the fraud. This or not has played a role in it.
However, the action does not seem to be effective at this time when on December 12, SBF was arrested by the police of the Bahamas following criminal charges reported by US prosecutors. SBF is facing a variety of criminal charges including wire fraud, securities fraud and money laundering, conspiracy to commit fraud, …
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
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