FTX collapse being scrutinized by Bahamas authorities

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Reuters UK

By Jasper Wade NASSAU, Bahamas (Reuters) -The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a proposed rescue deal. In a statement on Sunday, the Royal Bahamas Police said: “In light of the collapse of FTX globally and the provisional…

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