By Jasper Ward and Brian Ellsworth
– The Bahamas shouldn't be blamed for the collapse of bankrupt cryptocurrency platform FTX, the nation’s overseas minister mentioned on Friday, following repeated accusations by FTX administration of alleged misconduct by the Caribbean nation’s authorities.
FTX attorneys on Wednesday mentioned they “don't belief” the Bahamian authorities, which FTX’s management has accused of colluding with now-jailed former CEO Bankman-Fried to assist account holders withdraw $100 million simply because the platform was going bankrupt.
In a withering voice recording distributed over WhatsApp on Friday morning, Bahamas International Minister Fred Mitchell, mentioned “this blame recreation directed at The Bahamas” is undermining efforts to get better property that had been misplaced because of fraud.
“Each day there may be some accusation being hurled at The Bahamas, however it's clear the jurisdiction of the alleged fraud isn't the explanation the fraud occurred,” mentioned Mitchell.
“We in The Bahamas can ask the query: How did the mastermind of FTX get on the entrance web page of Forbes journal, a U.S. journal? Which nation’s press referred to as him the subsequent Warren Buffett? Clearly that was the USA.”
Bankman-Fried was arrested on Monday and remanded on Tuesday to a Bahamian detention heart after a Justice of the Peace decide denied his bail request. On Thursday, his attorneys filed a brand new bail software, this time earlier than the Supreme Court docket, based on a supply.
U.S. prosecutors accuse the 30-year-old of misappropriating billions of dollars and violating marketing campaign legal guidelines in what has been described as certainly one of America’s greatest monetary frauds.
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