In a press release on Nov. 12, the Securities Commission of The Bahamas (SCB) contradicted the statement published by FTX about resuming withdrawals in The Bahamas.
Menkul Kıymetler Komisyonu Bahamalardan Para Çekme Konusunda FTX Açıklamasını Ele Aldı pic.twitter.com/OZKWwicSuN
— Bahamalar Menkul Kıymetler Komisyonu (@SCBgov_bs) 12 Kasım 2022
On Nov. 11, the former head of institutional sales at FTX, Zane Tackett, announced on Twitter that the exchange would allow withdrawals for Bahamanian clients. In the statement, Tackett said that the withdrawals were enabled in compliance with regulators.
1) Bahama Genel Merkezimizin düzenlemeleri ve düzenleyicileri uyarınca, Bahama fonlarının çekilmesini kolaylaştırmaya başladık. Bu nedenle, düzenleyicilere uyduğumuz için son zamanlarda FTX tarafından işlenen bazı para çekme işlemleri görmüş olabilirsiniz.
— Zane Tackett (@tackettzane) 10 Kasım 2022
Bu, çok sayıda FTX users trying to funnel funds through the help of Bahamians. Some even offered bribes to FTX employees to change their country to The Bahamas and help withdraw funds.
However, the SCB said that the regulator neither “directed, authorized, or suggested” FTX to prioritize local withdrawals.
In fact, the SCB press release stated:
“The Committee further notes that such transactions may be characterized as voidable preferences under the insolvency regime and consequently result in clawing back funds from Bahamian customers.”
In other words, the regulator made it clear that the withdrawals processed by FTX for Bahamian clients may be considered void and, therefore, reversed. The regulator firmly added that it does not “condone” the preferential treatment of any FTX customers.
Source: https://cryptoslate.com/bahamas-securities-commission-neither-authorized-nor-condones-ftx-enabling-local-withdrawals/