FTX faces criminal probe in Bahamas after company collapses

The cryptocurrency exchange FTX is facing a criminal inquiry in the Bahamas after the company filed for bankruptcy and essentially collapsed last week.

In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred.