Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Here’s a rapid-fire update on six Club stocks moving Friday on earnings February 3, 2023
Bitcoin Addresses with Non-Zero Balance Could Soon Hit Record High – What This Means for BTC Price February 3, 2023
3 key takeaways from the jaw-dropping January jobs report February 3, 2023
EY under fire over its two roles at battery start-up Britishvolt February 3, 2023
EU agrees price caps on Russian oil products February 3, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Crypto

Bahamian attorneys pursue access to FTX data of international customers

Staff by Staff
December 11, 2022
in Crypto
0 0
A A
0

Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas seek access to FTX’s database with international customer information.

The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. The motion highlighted previous failed attempts to access the defunct crypto exchange’s database. As a result, the lawyers claimed that FTX employees and counsel prevented authorities from getting critical financial information.

The database in question is reportedly stored on Amazon Web Services (AWS) and Google Cloud Portal databases, which include personal information such as wallet addresses, customer balances, deposit and withdrawal records, trades and accounting data. According to the lawyers, the U.S. bankruptcy proceedings will “suffer no harm or hardship if this relief is granted.”

While AWS was used to store customer information, FTX used Google services as an analytics platform for data of users residing outside of the United States. According to the filing sourced by CNBC:

“While the Joint Provisional Liquidators are happy to engage in dialogue with the U.S. Debtors, their refusal to promptly restore access has frustrated the ability of the Joint Provisional Liquidators to carry out their duties under Bahamian law and placed FTX Digital’s assets at risk of dissipation.”

The latest domino effect of FTX fraud was felt by media outlet The Block, which had failed to disclose funding from Alameda Research. The Block CEO Mike McCaffrey stepped down from his position after failing to disclose $27 million loans from FTX’s sister firm Alameda Research.

Related: CZ and SBF duke it out on Twitter over failed FTX/Binance deal

On Dec. 7, the new management team of FTX reportedly hired a team of financial forensic investigators to track down the missing customer funds exceeding $450 million in cryptocurrencies.

As previously reported by Cointelegraph, the forensics firm is tasked with conducting “asset-tracing” to identify and recover the missing digital assets and will complement the restructuring work being undertaken by FTX.

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Crypto

Bitcoin Addresses with Non-Zero Balance Could Soon Hit Record High – What This Means for BTC Price

February 3, 2023
Crypto

Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

February 3, 2023
Crypto

Bitcoin Price Prediction as BTC Pulls Back 2% – Where is the Next Buy Zone?

February 3, 2023
Crypto

US Congress to hold ‘crypto crash’ hearing on Feb. 14

February 3, 2023
Crypto

Fight Out’s Move-to-Earn Technology Pays You to Exercise and Get Fit – Here’s How it Works

February 3, 2023
Crypto

‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

February 3, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.