Bahamas regulator clarifies mystery withdrawals after FTX collapse
Court documents reveal sprawling FTX subsidiaries worldwide
The Securities Commission of the Bahamas has sought to clarify its actions during FTX’s collapse, as the new chief executive of the crypto exchange pointed to wider “faulty regulatory oversight”.
Court documents filed on November 17 show the FTX group’s subsidiaries span jurisdictions from Delaware to Antigua, hinting at the scale of the task facing regulators worldwide. The group is headquartered in the Bahamas, leaving the Caribbean island’s tiny securities commission – with just 84
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