Bankrupt crypto alternate FTX faces a prison investigation within the Bahamas following its dramatic collapse final week. Authorities within the Caribbean nation the place FTX has its headquarters are investigating whether or not any prison misconduct occurred within the alternate’s decline and chapter. Sam Bankman-Fried’s crypto alternate went from being one of many world’s largest to submitting for chapter in only every week, after a CoinDesk article raised questions in regards to the monetary stability of its sister firm Alameda Analysis.

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