Minister of Legal Affairs revealed that there was an ongoing criminal and civil investigation against FTX
on the collapse of FTX. AG Pinder revealed that there was an ongoing civil investigation and a criminal investigation against the exchange in the Bahamas. He even stated that they were collaborating with several specialists and experts as part of the investigation but did not reveal any names. He also emphasized that while FTX was a legal entity in the Bahamas, its sister firm, Alameda Research did not have legal grounds to operate in the region. In addition, if Alameda is found to have “committed any improprieties”, then the company would be subjected to the laws of the region, he said.
Furthermore, AG Pinder stated that the country’s regulatory authority has taken several protective measures approved by the Supreme Court. However, these measures would not be revealed until the regulator is “confident” that the ongoing investigation would not be compromised. The Attorney General added,
Source: Law Daily Report (lawdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chainlink: Assessing LINK’s behind-the-curtain scenario amid its recent rallyChainlink’s Proof of Reserve service garners attention after the FTX debacle Weighted sentiment and social mentions witness growth, however new addresses continue to decline With the collapse of FTX, the mistrust in crypto exchanges continues to grow. This is why more and more exchanges are adopting Chainlink’s Proof of Reserve technology to establish trust with […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
FTX, SBF, and a political inside track: Making sense of it all one day at a timeBahamas-based crypto exchange FTX’s million-dollar donation to a Republican cause has become the latest development in the firm’s bankruptcy saga. The bankrupt exchange’s political donations have been widely debated as the industry deals with the fallout from its collapse. These donations were part of the reason why FTX enjoyed mainstream media popularity before its fraud came […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Legal historian was B.C.’s first privacy commissionerAlso a patron of the arts, he gave generously to Pacific Opera Victoria and individual artists, and was an avid collector of Canadian ceramics
Source: globeandmail - 🏆 5. / 92 Read more »
Signs of Change Ahead Week at Legal InsurrectionWe still have a little over a month until the GOP takes over the House but changes are coming.
Source: LegInsurrection - 🏆 3. / 95 Read more »
Could BCH regain its pre-FTX implosion value of $126? Here’s all you need to knowBCH was bullish, targeting the 78.6% and 100% Fibonacci levels Open interest surged in the post-market crash but has since fallen back slightly Bitcoin Cash [BCH] surged mid-week with a nostalgic aim at its pre-FTX implosion value of $126. However, it ran into several obstacles along the way, but the target remained the same. At […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Today in Canada’s Political History: Charles A. Dunning appointed Minister of Finance | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Source: natnewswatch - 🏆 58. / 59 Read more »