The Latest Breaking News from Bahamas

City Comment : There is something of the Fyre Island festival debacle about the downfall of crypto platform FTX. Like the 2017 scandal, there is a backdrop of sun kissed silver beaches - FTX operated largely out of the Bahamas - an apparently credible charismatic 30 year old entrepreneur running…

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

McFarland just finished a five-year prison sentence for wire fraud

Because tea from the crypto world isn't just for nerds.

Entrepreneur at center of FTX scandal put luxury residence up for sale the same day crypto exchange filed for bankruptcy

The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX.

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.