Bahamas

Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, has consented to his extradition to the U.S. where federal prosecutors have charged him with eight fraud and conspiracy charges. Jerone Roberts, who is representing Bankman-Fried in the Bahamas, announced that his client “has...

Days after being remanded into custody at a Bahamian prison, FTX (CRYPTO: FTT) founder and former CEO Sam Bankman-Fried “SBF” is reportedly doing well, according to prison officials.  What Happened: Bahamas Acting Commissioner of Corrections Doan...

FTX founder Sam Bankman-Fried is reportedly trying to secure bail from the Bahamas Supreme Court. What Happened: Bankman-Fried was denied bail by a magistrate judge on Tuesday and was remanded to a detention center, reported Reuters, citing a person familiar with the matter. The disgraced...

Disgraced crypto mogul Sam Bankman-Fried was arrested in the Bahamas on Monday, following the receipt of formal notification from the U.S. according to the Ministry of Legal Affairs in the Bahamas. Bahamian authorities said that the U.S. is likely to request his extradition. What Happened:...

Cryptocurrency exchange FTX (CRYPTO: FTT) has pointed to evidence that suggests its disgraced former CEO Sam Bankman-Fried was ordered by Bahamian regulators to gain “unauthorized access” and obtain digital assets of the company following its bankruptcy filing....

Securities regulators in the Bahamas are reportedly seeking to control FTX (CRYPTO: FTT) bankruptcy proceedings, challenging the company’s Chapter 11 filing in the U.S. What Happened: On Nov. 15, FTX’s Bahamian subsidiary FTX Digital Markets Ltd.,...

Bankrupt crypto exchange FTX’s founder Sam Bankman-Fried has been interviewed by police and regulators in the Bahamas.  According to a Bloomberg report, FTX’s move to allow withdrawals for residents in the Bahamas was questioned by the Securities Commission of the Bahamas (SCB...

Hurricane Dorian's devastation of Grand Bahamas Island and the Abaco Islands  is so widespread that logistics providers lack basic infrastructure to deliver relief supplies, leading many shipments of food and other products to go to waste. Prioritizing what resources are needed and coordinating...

By the end of this week there's a very good chance we'll be talking about the next named storm of the 2019 Atlantic hurricane season. Over the next couple of days a disturbance near the southeastern Bahamas may become a tropical depression or a tropical storm. Before this happens, the area of...

Insured losses from Hurricane Dorian’s direct hit on The Bahamas could approach $5 billion, according to various estimates made as damage assessments began late last week. The total loss, which includes large amounts of uninsured property, could be twice as much.  The catastrophe risk...

Larger air and ocean cargo operators are beginning to arrive in the Bahamas with emergency supplies days after Hurricane Dorian pulverized parts of the archipelago and made transportation there potentially treacherous. American Airlines on Sept. 5 sent a Boeing 737 from Miami to Nassau to deliver...

The devastation in the north Bahamas from Hurricane Dorian is so extensive on some islands that humanitarian organizations will have trouble quickly getting relief supplies to people in need, especially with the main airport in Freeport closed due to flooding and damage, logistics providers say....