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FTX to Submit Financial Details: Bahamian Attorneys File Motion

Published 12/10/2022, 03:00 AM
Updated 12/10/2022, 03:30 AM
© Reuters.  FTX to Submit Financial Details: Bahamian Attorneys File Motion

  • Bahamian lawyers filed an emergency motion to a Delaware Bankruptcy Judge.
  • The motion requested the judge to force FTX to surrender the financial details of the company.
  • The details are asked for aiding the ongoing investigations regarding the role of SBF in the FTX crash.

The Security Commission of Bahamas filed an emergency motion on Friday, requesting a Delaware Bankruptcy Judge to ask the officials of the fallen cryptocurrency exchange FTX to provide access to the financial details of the company for aiding the further procedures of the ongoing investigations.

After FTX filed for bankruptcy, the former CEO of the company has been accused of transferring huge funds from the company’s holding to Alameda Research. Since then, investigators have been probing into the details of the financial frauds committed by SBF, to answer ...

The post FTX to Submit Financial Details: Bahamian Attorneys File Motion appeared first on Coin Edition.

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