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The Latest Breaking News from Bahamas

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

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

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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

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

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

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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

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

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

The Independent UK

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.

Pedestrian.tv

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

The Guardian - US

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.

Tribune News Service

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 Guardian - UK

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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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Axios

Hurricane Nicole strikes Bahamas, Florida with surge, heavy rain and high winds

The storm is bringing damaging storm surge flooding along the east coast of Florida, north to Georgia and South Carolina, along with heavy rain and damaging winds.

USA Today Sports Media Group

‘See you soon at Albany’: Tiger Woods will play in next month’s 2022 Hero World Challenge in the Bahamas

Woods, Kevin Kisner and Tommy Fleetwood complete the 20-player field for next month's event in the Bahamas.

Axios

Tropical Storm Nicole strikes Bahamas, Florida with surge, heavy rain and high winds

The storm is on the cusp of hurricane intensity.

Miami Herald

Tropical Storm Nicole, on the cusp of Cat 1 strength, nears Florida. Track nudged south

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

The Independent UK

Tropical Storm Nicole bears down on the Bahamas, Florida

Many people evacuated from vulnerable locations in the northwestern Bahamas as Tropical Storm Nicole approached and residents of Florida braced for the storm, which could strengthen to a hurricane

WEKU

Tropical Storm Nicole churns toward the Bahamas and Florida

The storm is expected to strengthen into a hurricane. It's headed for parts of the Bahamas and Florida that are still feeling the effects of previous hurricanes.

The Independent UK

Nicole strengthens, threatens Bahamas and Florida coastline

Subtropical Storm Nicole began strengthening and transitioning into a tropical storm as it churns toward the northwestern Bahamas and Florida’s Atlantic coastline

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