The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21 By Cointelegraph

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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

Cryptocurrency Nov 21, 2022 04:40PM ET

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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange, which is headquartered in the country. Several days later, The Securities Commission of the Bahamas ordered the transfer of FTX Digital Markets’ digital assets to a digital wallet owned by the commission to protect “the interests of clients and creditors.”

Turkey’s Financial Crimes Investigation Agency became the latest authority to join the investigation into FTX’s collapse. The regulator also noted that it had been monitoring FTX’s activities in accordance with the country’s Anti-Money Laundering (AML) laws. Meanwhile, United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankman-Fried, former CEO of the company, back to the United States for questioning.

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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

NY Fed launches CBDC pilot program with major banks

Russian bill could legalize crypto mining

South Korea investigates crypto exchanges for listing native tokens

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