Bahamas PM ponders FTX collapse, says he wouldn't have done anything differently
conference in Austin, Texas to reflect on the collapse of the FTX crypto exchange that had been headquartered in the Caribbean country. He said he wouldn't have done anything differently.
"He was passionate in what he was doing, very smart, and was very philanthropic in his work," Davis said."It was a shock to discover that the business had encountered the challenges that it did."are actively investigating the events that led to the collapse of the exchange. "We're very confident that the liquidation procedures, and the process underway in the Bahamas in the courts, supervised by the courts, will result in maximum benefit to the clients of FTX," Pinder said, adding that courts in the country will have final say over seized funds.the liquidators of the Bahamas entity, arguing that it wrongly claims to own the exchange. They want a declaratory judgment from the U.S.
"When it comes to the digital asset sector, we are open for business," he said."When you are looking for jurisdiction where you can confidently invest, look no further than the Bahamas."
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