Before his arrest, in various interviews following FTX’s implosion last month, the 30- year-old rejected purposefully dedicating scams or breaking the law.
Since he was rejected bail at the court look on Tuesday, Bankman-Fried has actually remained in a well-known reformatory on the borders of Nassau called Fox Hill. Regional media reported that he might appeal the bail judgment.
Authorities in both nations are penetrating Bankman-Fried’s participation in FTX’s collapse last month. The company was headquartered in the Bahamas.
Bahamian authorities are digging into what function its previous magnates might have played in customer withdrawals after the federal government froze FTX’s possessions. In interviews and speeches, authorities have actually rejected tips that the federal government was too near to Bankman-Fried and other leading FTX authorities to effectively manage them.
On Friday (Saturday AEDT), Mitchell, the foreign minister, rejected that the Bahamas had actually been lax in its oversight.
” Bad stars, or supposed bad stars, can show up in any nation,” he stated Friday, mentioning United States scandals like those including Enron Corp. and Bernie Madoff. “It’s not the jurisdiction that’s the concern, it’s the stars who are the problem.”
Mitchell included that United States and Bahamian police authorities are completely working together on the FTX case.
” There is no effect in regards to the foreign relations in between our nation and the United States on this,” he stated. “The jurisdictions continue to comply on all sort of levels.”
Read more about the fallout from FTX’s collapse
Bloomberg