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The Latest Breaking News from Bahamas

Gradey Dick hits six 3s as Kansas outlasts NC State in Bahamas, 80-74

The No. 3-ranked Kansas men’s basketball team celebrated head coach Bill Self’s return to the bench on game day by upending unranked North Carolina State, 80-74, in a first-round Battle 4 Atlantis game on Wednesday at Imperial Arena in the Atlantis resort in the Bahamas.

Tribune News Service

FTX founder Sam Bankman-Fried and his parents built million-pound property empire in the Bahamas

Together, the family, the company and its executives bought nineteen properties over two years

Evening Standard

What will happen to nearly a third of SkyBridge Capital? Here's how 'The Mooch' could get back his company

Less than two weeks ago SBF and Scaramucci embarked on a fundraising trip together in the Middle East. Now, nearly a third of Scaramucci's firm is tied up in bankruptcy proceedings.

Fortune

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The fall of FTX marks the end of the “wild west” days of crypto

City Comment : There is something of the Fyre Island festival debacle about the downfall of crypto platform FTX. Like the 2017 scandal, there is a backdrop of sun kissed silver beaches - FTX operated largely out of the Bahamas - an apparently credible charismatic 30 year old entrepreneur running…

Evening Standard

Bankman-Fried's FTX Was a Wild West And a Personal Bank

Sam Bankman-Fried's crypto empire was a kleptocurrency exchange, where management and employees were allowed almost everything.

The Street

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

The Guardian - UK

The Bahamas' endangered status as a crypto hub

The Caribbean nation is setting up a battle with the U.S. to protect its reputation.

Fortune

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FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News

Fallen FTX Was the Wild West

Sam Bankman-Fried's crypto empire was a kleptocurrency exchange, where management and employees were allowed almost everything.

The Street

Fallen FTX Was the Wild West Run By Unscrupulous Cowboys

Sam Bankman-Fried's crypto empire was a kleptocurrency exchange, where management and employees were allowed almost everything.

The Street

FTX broke ground on a $60M Bahamas headquarters in April. Construction never started

The project promised hundreds of jobs, but “nothing was ever done.”

Fortune

As FTX crumbled, Sam Bankman-Fried's Bahamas penthouse was put up for sale. The listing was a fake

A viral real estate listing thought to belong to SBF was the result of a "web malfunction."

Fortune

FTX Employees Used Company Funds to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

New FTX boss, who worked on Enron bankruptcy, condemns ‘unprecedented failure’

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

The Guardian - US

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The Street

FTX Collapse: Founder and Co Used Company's Money to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

Fallen FTX Founder Says He's Meeting with Regulators

Sam Bankman-Fried has already been questioned by the police in the Bahamas.

The Independent UK

Bahamas official calls Fyre Festival founder Billy McFarland a ‘fugitive’ as he launches treasure hunt venture

McFarland just finished a five-year prison sentence for wire fraud

Pedestrian.tv

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

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The Guardian - US

Sam Bankman-Fried’s $40m Bahamas penthouse reportedly up for sale

Entrepreneur at center of FTX scandal put luxury residence up for sale the same day crypto exchange filed for bankruptcy

Tribune News Service

FTX faces criminal misconduct probe by Bahamas authorities

The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX.

The Guardian - UK

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

The Conversation

The spectacular collapse of a $30 billion crypto exchange should come as no surprise

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

WEKU

Florida braces for Hurricane Nicole, a rare November storm

The storm strengthened into a hurricane on Wednesday after pounding the Bahamas, as U.S. officials ordered evacuations that included former President Donald Trump's Mar-a-Lago club.

The Guardian - US

Florida buckles down for direct hit from rare November hurricane

Storm Nicole picks up strength after striking the Bahamas and is forecast to hit the state already devastated by Hurricane Ian

Miami Herald

Tropical Storm Nicole, on the cusp of Category 1 strength, nears Florida

MIAMI — Tropical Storm Nicole, on the cusp of strengthening into a Category 1 hurricane possibly within hours, made landfall in the Bahamas Wednesday morning and remained on track to slam much of Florida with pounding surf, high winds and heavy rain.

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