Summary: Law enforcement in the Bahamas are currently investigating bankrupt crypto exchange FTX, according to reports by CoinDesk. The Financial Crimes Investigation Branch is working with the Bahamas Securities Commission to investigate if any criminal misconduct occurred, an official notice on Sunday said. FTX started declining in early November, after a CoinDesk article questioning the financials ...

Law enforcement in the Bahamas are currently investigating bankrupt crypto exchange FTX, according to reports by CoinDesk.

The Financial Crimes Investigation Branch is working with the Bahamas Securities Commission to investigate if any criminal misconduct occurred, an official notice on Sunday said.

FTX started declining in early November, after a CoinDesk article questioning the financials of FTX’s sister company Alameda Research led to a liquidity crisis within the company. Crypto exchange Binance later said it was going to buy the exchange but soon backed out of the deal. Currently, FTX is seeking bankruptcy protection in the US.

Author: Tris Bell