38 Burst results for "Bahamas"
"bahamas" Discussed on The Bitboy Crypto Podcast
"And <Speech_Male> I've shown you the road <Silence> map, <Speech_Male> it's easy to get <Speech_Male> in there. That's all <Speech_Male> you have to do <SpeakerChange> is go freaking <Speech_Male> get it. <Speech_Male> Listen to me. <Speech_Male> If a lot of you guys <Speech_Male> who lost in this and <Speech_Male> I think you lost because <Speech_Male> you love FTT <SpeakerChange> <Speech_Male> also. Well, <Speech_Male> no, no, no, no, no, no. <Speech_Telephony_Male> <Speech_Male> We never had money on FTX. <Speech_Telephony_Male> We lost a lot of <Speech_Male> money in Celsius, which was <Speech_Male> another big problem. <Speech_Male> <Speech_Male> But <Speech_Male> last year, it invested <Speech_Male> $500,000 <Speech_Male> into the MTT <Speech_Male> token. Yes. <Speech_Male> And then <Speech_Male> I <Speech_Telephony_Male> don't remember when we removed <Speech_Telephony_Male> that 2942 <Speech_Male> tokens. <Speech_Male> Something like that. <Speech_Male> Yeah, it was a lot of <Speech_Telephony_Male> tokens. And so <Speech_Male> but we had sold <Speech_Male> those somewhere along <Speech_Male> the bear market somewhere along <Speech_Male> the line, but two months <Speech_Male> ago, <Speech_Male> we made a video <Speech_Male> where we <Speech_Male> said we were <Speech_Male> completely <Speech_Male> out of Solana <Speech_Male> completely out <Speech_Male> of FTT. <Speech_Male> And we decided to <Speech_Male> go to the philosophy. <Speech_Male> We don't like their philosophy, <Speech_Male> but where they're <Speech_Male> going, we didn't trust <Speech_Male> them. People <Speech_Male> made fun of it. Well, it's <Speech_Male> still a great investment, <Speech_Male> you know? But <Speech_Male> now look. So <Speech_Male> yes, we were very <Speech_Male> bullish on FTT last <Speech_Male> year as a token, <Speech_Male> never use <Speech_Male> exchange. We had actually bought <Speech_Male> it on KuCoin. <Speech_Male> But <Speech_Male> we came out into our audience <Speech_Male> because this is what <SpeakerChange> people like, you know, <Speech_Male> people like to attack. And I'm <Speech_Male> sure you know I'm sure you can attack <Speech_Male> them different people. <SpeakerChange> They say, <Speech_Male> well, your channel <Speech_Male> also got FTX, but <Speech_Male> you were big on <Speech_Male> empty. Yeah, <Speech_Male> before I knew <SpeakerChange> all this stuff, <Speech_Male> it <Speech_Music_Female> seemed like for the outside <Speech_Female> looking in, <Speech_Male> everything was <SpeakerChange> checking out. <Speech_Male> They were growing fast. So <Speech_Male> I <Speech_Male> don't hold any <Speech_Male> against anybody. I <Speech_Male> actually don't hold <SpeakerChange> anything against <Speech_Male> me by the promoted FTX. <Speech_Male> We never did. <Speech_Male> But <Speech_Male> obviously, <Speech_Male> we had Celsius, which was <Speech_Male> a big disaster for us. It's <Speech_Male> like, we just <Speech_Male> trusted too many <Speech_Male> people and too many exchanges. <Speech_Male> And now we're getting <Speech_Male> a clearer picture. <Speech_Male> And for me, it's <Speech_Male> really about for the <Speech_Male> haney government and for <Speech_Male> us in crypto both. <Speech_Male> It's about doing <Speech_Male> the right thing going forward <Speech_Male> and now having all this new <Speech_Male> perspective. More <Speech_Male> of the victims would come <Speech_Male> down here and put <Speech_Male> progression is <SpeakerChange> government. <Speech_Male> They will act. <Speech_Male> There we go. You guys here, <Speech_Male> if you're a victim of FTX, <Speech_Male> <Speech_Male> <Speech_Male> <Advertisement> come to The Bahamas <Speech_Male> <Advertisement> and you protest <Speech_Male> <Advertisement> here in The Bahamas. <Speech_Male> <Advertisement> Let's schedule it. <Speech_Male> <Speech_Male> <Speech_Male> Prime minister's office <Speech_Male> and you <Speech_Male> protest what has <Speech_Male> happened because <Speech_Male> they were at fault. <Speech_Male> Yes. Because they <Speech_Male> put no policies in <Speech_Male> place and they would <Speech_Male> challenge me with them. <Speech_Male> If you come and do that, <Speech_Male> it will get <Speech_Male> international attention <Speech_Male> and they won't be able to hide. <Speech_Male> <Speech_Male> Let's do it guys. Let's put it together. <Speech_Male> I'm going to put it together. <Speech_Male> Awesome. Yeah. <Speech_Male> <SpeakerChange> Let's do <Speech_Male> it. Well, cool. We <Speech_Male> got to get ready for this. And we're going <Speech_Male> to have some documents. We'll probably <Speech_Male> put a blog post out <Speech_Male> when you send us some of these <Speech_Male> documents or leads on <Speech_Male> our website to more of the <Speech_Male> stuff. <SpeakerChange> So people can <Speech_Male> check it out. <Speech_Male> FTX, total <Speech_Male> scam using real estate, <Speech_Male> stole your money. <Speech_Male> We're buying real estate <Speech_Male> to wander their <Speech_Male> money, basically, and to hide <Speech_Male> it from the government. <Speech_Male> This guy's got <Speech_Male> to go down, man. It <Speech_Telephony_Male> was so nice talking to <Speech_Male> you. This was awesome. <Speech_Male> <Speech_Male> Guys, <Speech_Male> let's get it. That's all I got. Be blessed.
Fresh update on "bahamas" discussed on Tech Path Crypto
"All right, so welcome back in another day here at decentral in Miami covering a lot of things around web three, obviously the metaverse, but today I want to dive in a little deeper into the intricacies of crypto in general and probably the one guy that everybody wants to listen to. Today about what's happening with that is of course it's been armed from over from BitBoy crypto so great having you on the show today. Awesome. Thank you for having me. Excited to be here in Miami and weather's nice. I was just in The Bahamas and weather's nice there too, but you know the heat is on. Yeah, it's a good one. All right, you guys, make sure and hit the like button. If you're catching this after the event, make sure to drop some comments down below. We're gonna get into it today with Ben. Ben, obviously you've been everybody knows where he can. You've been down in The Bahamas. So trying to really kind of track down a little bit more about the FTX scenario. A lot has been surfaced. I think pretty much everybody that's been in crypto for any time, kind of understands what's happening. The real question I have is the catalyst that kind of caused this House of Cards to fall. If you look back based on the things that you guys have found, a lot of the research, a lot of things that you were pointing to early on. What do you think it works wrong? Yeah. Well, I mean, certainly this was never supposed to happen overnight. We were going to get this collapse. I think basically they were trying to figure out what this insolvency hole, how they were going to plug it, and then they started making big moves. You look at Voyager, you look at Celsius, you look at Tara Luna, you look at three areas capital is basically they were kind of liquidation hunting, and they were stop loss hunting. FTX was gigantic 9 figure deals, 9 figure profit making opportunities because they had a ten figure and solvency hold. And they weren't really able to make progress against it. Here's what people have to understand when we first started investigating this. The last week of October, we realized 95% of the market on FTX was fake. Yeah. And we learned that from the project side and we started learning more and more about it. But the issue was, is that when we were looking at this and examining it, we thought we had some time to be able to figure stuff out. And that was the last week of October. Well, November 2nd, coin desk releases the report, which I believe a 100% the whistleblower to CZ and a coin desk was Brett Harrison from FTX U.S.. Of FTX U.S.. And so this kind of happened overnight it blew up, but there was a shot clock. If FTX was able to do their, they were able to acquire Voyager that bought them more time because they were going to bring in more liquid assets. If they were able to buy Celsius, more liquid assets. Much like the framework they started with BlockFi. Exactly people look at that. The acquisition is being one of the fuels in that furnace. Right. That essentially blew up. All right, so with all of that, and you think about Brett Harrison. I haven't talked to you yet. If that is the case. Yeah. I mean, he knows where the bodies are buried. Yeah, so here's what's really fascinating. Like, just so people kind of understand how we got involved in this. They haven't been following the whole saga. We have a bill in Congress. Well, we're trying to get it in Congress. I will tell Paul what it is off air. We can't publicly talk about it until we're registered. Well, we have main political backers. We have a main democratic and a main Republican political backer. Sam? FTX, they tried to steal one of our political backers. We went to them for funding. That's how we figured out they were doing this federal bit license and kind of how this whole thing kind of started to unravel for us. And something that happened as we were going through this path, like I was in everybody started sending me like all kinds of crazy information on the assault and see. But the way we discovered all this was through Brett Harrison. He was our contact that connected us as former CFTC commissioner, Mark wedge and who scrubbed himself of the entire Internet over this. He was the policy head. And so we had talked to him about all this stuff, and things started unraveling. Well, the day after we came out with a video and explained the federal bit license, the next day Brett Harrison stepped down from FTX U.S.. The next day after that, he followed me on Twitter. He was trying to give me, he wanted to give me information. Smoke signals. It was supposed to ignore, but now I didn't respond to him right away, 'cause I was so mad that they tried to steal what my person from me. Like, I don't know if I can tell. I'm vengeful, you know? I get kind of spiteful. You try to steal something from me. And so when you look at the way that all happened, to me, within two weeks from that point, all the stuff started leaking, Bret Harrison knows where all the bodies are and he's telling people, I believe he's talking, I believe he is the whistleblower. Why do you think we have not seen action on SPF yet? In terms of real legal action. Okay, we see either one, somebody who's walking out with handcuffs or I mean, this is literally a Madoff level of event. Bigger. Never because you know how when you see this. Most of the maid off people got paid back. So I know his mom and dad obviously tied to a lot of interesting people in D.C.. Then you look at the layer of support that he had underneath him, including Kevin O'Leary Manuel. Oh, now let me tell you that Kevin O'Leary stuff, we got in the next two weeks, we're gonna bring out way more on that. Y'all are gonna figure out Kevin O'Leary's package gigantic player. Question is why has the authorities not done in? Okay, so I spoke with the people in The Bahamas. We actually went and did a live stream. With Lincoln bane, who is kind of the leader of one of their political parties area. He ran for prime minister. He wants to change the government and be a president instead of prime minister. So we got a lot of information on that end from the Bahama side. On The Bahamas side, the thing is they hate corruption in The Bahamas. There's a ton of corruption in The Bahamas. Do you see their AG? Go on. Ryan pender who people don't know may not. He left the government and went and worked for Deltek bank that was the partner of FTX Alameda and also tether. And then came back to the government. Interesting points he was making too. Yeah. He was he literally threw these CZ under the bus. Well, yeah, because they don't want people to you have to understand how much of the bahamian government and the bahamian people are about image. They are much more concerned and we a lot of people in The Bahamas are great to us. But still look bad. Definitely. It makes the country look bad and they're actually more concerned about the image than the actual wrongdoing. And so a couple of weeks before SPF before all this stuff started coming out. FTX had just given new tablets to the whole police force. So now you've got a lot of overlap where they're not going to move. But even if even if in The Bahamas they act, we've been told he'll probably get a one to $300,000 fine. He's going to be over. The United States, the FBI has to go extradite him. And I'm telling you. Well, it's only one entity in The Bahamas right now from under the FTX umbrella. So they have one entity inside the bomb. Is that actually registered in The Bahamas? More. So they have a lot more into the rabbit hole does it go? Oh, it goes. This is the number of companies. Did you see the layout of how they've connected all of this? Yeah, but that's not even all of it. So it's so much. Is this bankman that's doing this? Who's that? Yeah. This is what we believe is now happening. And this may sound counter to some things that I've said in the past. And just like anything, the more you investigate, the more you discover what's going on, your opinion can change. Guys, I think I know more about what was happening at FTX and how it made it in the same basement for you. Yeah. Mom, dad. Alan Joseph bankman? Barbara fried. We call them the puppet masters. They were pulling the strings behind the scenes when you see all this news coverage about these puff pieces, New York Times. This is coming from them. I'll come. If you saw one of you saw one of the statements that Sam put out, it used double spaces between the periods. Sam doesn't talk like that. He's never written that way. The architect is Dan friedberg. The former general counsel for FTX. Who also ran the ultimate bet. Poker scandal. The greatest poker, you know, history. And I was speaking with some people last night, very interesting conversations about where all this is going. And when you compare the ultimate vet scandal to what's going on here, the big difference is what really happened with ultimate vet didn't come out until like 7 years later when these audio got released. All of this is why we have it all in all. I have
"bahamas" Discussed on The Bitboy Crypto Podcast
"Like being rich guy going to casino and gambling, which is really brilliant. Yeah, so if we go to the zero and you can go in there, you can gamble, but I have to stand up in my arms and let you gamble. I said to the table and try to gamble to jail for being a bohemian gambling. That's the law. That is insane. Look around in the casino, you won't see any demons down there. Is this a religious? Religious, then you will let you. No, you can let me go to hell. Just not you. Yeah, yeah, yeah. Yeah, religion is crazy right now. But no, it's just kind of a part time like lord of this country. Where the humans are restricted until we're going to fight to change that. I run for prime minister that will be known as the president because we're going to go public and get from under Queen, but now it's king. So we're going to change all of this. We're going to change it to a behemoth, and I'll empower them our country. So you have a crypto of an opinion, participate. That is ridiculous. And have our cognition standing up in front of the world and brag about us being a crypto. But if we try to use our bank card, we're going to get refused and it's ridiculous. So this is what we are going to fight for. I love this. I mean, this is great. I mean, this is what crypto is all about. I think now, let me ask you this because we've been we've been at the casino. We've been there. I know, I know. So we were hanging out with some people, and we went around to some different places. And I got some new. I got your sunglasses. So I went into sunglasses, 'cause one of my lenses on my glasses broke. Got some new sunglasses. And I said, you know, there were four ladies in there. There were people that worked there, and I said, what do y'all think about crypto and they're like, do you think this FTX thing has put a bad look on crypto from the average bahamians one of you? So persons who don't understand crypto, everyone is talking about crypto. Yeah. FDX is nothing to do with crypto itself. It's to do with an exchange. So this is like, if you have a large bank in America, for example, if Bank of America flocks, it doesn't mean that money is bad. The system is bad. It just means that one of the major institutions crashed. Yeah. Okay? And so we had Freddie Mac funny man. We had a lot of institutions whereas insurance or whatever it is. Crash, but it does not mean that the actual thing we're promoting crash. So crypto, FDX is not crypto. It's a trading platform where you can trade books on there if you want. You can trade whatever you want on them. But they choose to do crypto, et cetera on that. Yeah. Well, then you could also you could have bet on FTX on the odds of Trump winning the election in 2020. While meanwhile, Sam is literally paying money to keep him from winning wise allowing people on his site to trade those odds or it's very deep, it's very complicated, but now let's get a little bit more about the real estate stuff.
Fresh update on "bahamas" discussed on CoinMarketRecap: Daily Crypto News
"That bank account and I mean, everything that I had all the loans I had were those are all things I was reinvesting in the businesses that I'd put everything I had in to FTX. And SPF rejected allegations of drug fueled parties taking place at his penthouse in The Bahamas. I had my first step of alcohol after my 21st birthday. And I have maybe half a glass of alcohol a year, roughly speaking, there were no wild parties here when we had parties we'd play board games. And 20% of people would have three quarters of a theory or something like that. And the rest of us would not drink anything. I see any legal drug use around me at the office at these parties. And NYC praiser, I mean, having people over for dinner is what that meant. The embattled SPF founder was appearing at the DealBook summit via video link, and it isn't the only interview he's giving this week. George Stephanopoulos from ABC's Good Morning America flew to The Bahamas for a sit down interview with the embattled entrepreneur, and this trailer has been released. I can't imagine what it feels like to go from $20 billion to a $100,000. Yeah. How did he go from crypto hero to crypto supervillain? Today, a lot of people look at you and see Bernie Madoff. We'll bring you more on that in Friday's coin market recap podcast. Before we go some other news and cracking is slashing its workforce by 30%, the exchange says it's cutting 1100 staff members and rolling its headcount back to where it was a year ago. CEO Jesse Powell said kraken is suffering from significantly lower trading volumes and fewer client sign ups. And in a nod to FTX, he warned recent industry woes have diminished optimism of a crypto rebound happening any time soon. It's a painful U turn for kraken as recently as June it had said it was planning to hire 500 employees despite the crypto winter. That Bragg came after coinbase had announced it was slashing its workforce by 18% because it had grown too quickly. That's it for today's coin market recap. Please do
"bahamas" Discussed on The Bitboy Crypto Podcast
"There's that tweet. And then as covered by U dot today previously, hackers drained 477 million in equivalent from FTX and its U.S. armed shortly after the bankruptcy of the exchange. Yeah. Fishy. Yeah. I mean, hackers in quotes. Well, yeah, exactly. Yeah, I think it was just like Gary Wang just pulling some money out. And yeah. That's what it seems like. They didn't really do a good job of making this not look the obvious. By printing time, one of the most popular chip mixers chip mixer domains is labeled by meta mask, fishing, detection, as a website from crypto scam DB. The service restricts access to chip mixer as it as it can compromise the visitors, security. So yeah, I mean, I don't think we really need it any more confirmation that there are some shady stuff going on here. Again, they say hacker, I'm just like, who really is that hacker? Is it just the SPF in his penthouse? Could be. Could be. Yeah, so it just super, super shady stuff here, but guys, moving on to the important stuff here. Crypto influencer, BitBoy. Flies to The Bahamas. I love this. Crypto influenza BitBoy flies to The Bahamas to find sand bakman freed. This is what happened. Well, you guys know what happened because I'm sure you saw that stream. But prominent crypto influencer, Ben Armstrong, I'll change that. White knight of crypto bent Armstrong. AKA BitBoy crypto has flown to The Bahamas in a bid to talk to Sam Bateman freed FTX scammer founder and its former CEO and then there we go. Unbox me so we can talk. There is SPF's little penthouse in the Albany. And yeah, Ben was literally standing right out there going. Come on up. Yeah, apparently they could see him up at the balcony like looking down and they called the security on him asked him to leave and all that kind of stuff. So yeah, that live stream was pretty intense. I was like in the car and I'm just like, hang on, I gotta watch this. It was like, it was like breaking news. I love it. But yeah, moving on here, the influencer has been critical of bankman fried over the recent collapse of FTX and before might I add. Mildly. Yeah, yeah. Once the third largest cryptocurrency exchange in the world, which led to a crypto crash, he also criticized the celebrities who promoted FTX in the wake of the company going bankrupt. Notably, BitBoy has made it clear that he didn't have even $1 at FTX as an exchange. I'm just down here because no one has been willing to represent the people and confront Sam well, Ben did. Yeah, like I said, guys, you know, it's to have been out there actually just like, you know, oh, we're going to put this in motion. We're going to try to send some emails. No, no, no, no, no, just knock on the door. Just go and get to the bottom of it. It's pretty awesome. And again, and they're live right now out in front of the delta. I just threw a link to the spaces on Twitter. So if you guys want to hang out in there and listen to what they have going on there you go. They're going to talk with Twitter and some of them are not tether. Get some answers on that as well. Yeah, make sure make sure you follow Ben on Twitter because that's where he's putting all the urgent updates.
Fresh update on "bahamas" discussed on Squawk Pod
"And Andrew Ross Sorkin. Who is back after DealBook. Congratulations, Andrew. Thank you. That was amazing, and I could not take my eyes, especially off the Sam benkin freed interview yesterday. When was it over? A bit of a crazy day. It went long. The whole deal. When did you go home? Oh, I think I didn't get home till about 8, 39. Okay. We started early. Yeah. Did you cocktail up it up at all afterwards? You must. Not even a glass of water, not even anything to take. I was living off a Diet Coke all day. To bring yourself back down just to sleep. I probably should have. Frankly, because I didn't sleep so well. So yeah, by the 8 o'clock hour this morning, you'll know all amped up. Well, we'll talk a lot more about it. I think can you figure out, does he still like the attention? Do you think? Does he need a cathartic? May have Copa was trying to protect himself. And that's not what you do. You don't go talk to Sorkin if you want to protect yourself legally. I don't know, it feels to me like he's trying to say, I didn't know it, so maybe you go with the does anyone start out hoping something like that happens? I mean, I even remember how the worst of the worst Madoff said, you know when I started this, I just wanted to, I just wanted to be doing well for people. And it just gets out of hand. Does it just get out of hand? That no one starts. I'm a man. I mean, look, I actually think we're going to talk a lot more about this later. I think that it probably got both got out of hand and because it was such an still is this remarkably unregulated world. And it's so sort of abstract. I think by the way, not just abstract to all of us, but abstract even themselves, that the idea of moving money from one thing to another, and it was, I don't think, and this isn't a defense of it at all, by the way. But when you try to rationalize, how could this even got into this place? Do I think he's sorry? I do think he's sorry. That part I absolutely sorry got caught. And that lost all his money. That part I believe. And by the way, I can't believe the Bill ackman take on this. The Kevin O'Leary take on this, what they tweeted afterwards that they sat there believing them, because I don't know if they were watching the same interview I was watching. I sat through that and thought this guy's a lying liar. What's that test you remember? The dress that's either blue or green, but there it is. Black women call me crazy. He was there. Was there in person? Is he okay? And I saw somebody else saying, yeah, I'm sitting right next to him at the DealBook come first. Right. I think the best response I saw to that tweet that he put out was from that chibo, the dog. Yeah. Oh, okay, cool. Unrelatedly, if I send you if you send me a million dollars, I will send you $2 million. It was interesting because actually, as I was leaving, there were people who believed him. Not just believed him, but thought I mean, I think there's honestly two sides. Some people are sympathetic is the wrong word. But as we said at the beginning of the interview, the sympathetic version is either this is somebody who made terrible, terrible, terrible, terrible, very, very bad decisions, which is what I think is what I think he believes he made. So he thinks he's criminally negligent. Or versus complete out fraudster. Something much worse. Yeah. I repeatedly asked him about the co mingling of funds between FTX and his other company, Alameda. I didn't knowingly commingle funds. And again, one piece of this, you have the margin trading. You have customers borrowing from each other. Alame is one of those. I was frankly surprised by how big Alameda's position was, which points to another failure of oversight on my part. And failure to appoint someone to be chiefly in charge of that, but I wasn't trying to commingle funds. And we got into maybe even a bigger question, which is I asked him what his lawyers are telling him right now. They are very much not. And the classic advice don't say anything, you know, recede into a hole. And it's not who I am. It's not who I want to be. I don't have I ain't got a duty to talk to people I have a duty to explain what happened. And I think I have a duty to do everything I can to try and do what's right. If there is anything I can do to try and help customers out here and I don't see what good is accomplished by me just sitting in a room pretending the outside world doesn't exist. You're in The Bahamas right now. Are you in The Bahamas because you think you can't leave? No, I'm in The Bahamas. I have been in The Bahamas for the last year and had been running FTX from The Bahamas been running FTX digital market are primary operating entity down here. With bahamian regulators and others in contact. And right now, I'm looking to be helpful anywhere I can with any of the global entities that would want my help. Do you think you could come to the United States or go elsewhere? To my knowledge I could. Have you thought about doing that? I've thought about it. And I mean, I've seen a lot of the, obviously, all of the hearings that have been happening. I would not be surprised if sometime I am up there talking about what happened to our representatives or whatever else is most appropriate. I also asked him about what he thought about his own future. That's not what I'm focusing on. There's going to be a time and a place for me to sort of think about myself and my own future, but I don't think this is it, like right now, I mean, look, I've had a bad month. This is not been funny for me. But that's not what matters here. What matters here is the millions of customers. What matters here is all the stakeholders in FTX, who got hurt. And then we got to the issue of drugs, which he and others have tweeted a lot about over the years. Pictures of M Sam. I have maybe half a glass of alcohol a year, roughly speaking, there were no wild parties here when we had parties we'd play board games. And 20% of people would have three quarters of a theory or something like that. And the rest of us would not drink anything. I see any legal drug use around me at the office at these parties. And anyways, parties are having people over for dinner is what that meant. Senator's going to be holding a hearing today on the collapse of FTX and I imagine some of this interview may end up being part of that. Yeah, I think so. Like I said, I couldn't turn away from it. I watched every single thing through it. But again, if there's two ways you can come at this, either you're an idiot or a criminal for what happened, but the $8 billion missing. He clearly went with the I am an idiot, sort of defense. And I guess I would too if I thought that would get me less jail time. What was the supposed drug use? Was it supposedly, I mean, we go from half an
"bahamas" Discussed on The Bitboy Crypto Podcast
"See where all these big walls are moving around their crypto. But addressing this, binance CEO, chai ping zhao or CZ took to Twitter to clarify that $2 billion worth of Bitcoin was moved as part of the proof of reserve audit. According to him, the auditor needed a specific amount of Bitcoin to be sent to show how binance wallets were controlled. Now I know you got a lot of backlash for this just because you know these there's been a lot of criticism of exchanges moving around a lot of this a lot of crypto. I know there's been obviously some crazy things going on with tether recently. So just kind of, I mean, just as any exchange is kind of under the microscope right now, but the question is, is CZ the actual white night? Because I know they were painting SPF to be the white knight, but I feel like, you know, I think Ben's the real white. But you know, I mean, who else is showing up at the enemy's house? But CZ, again, I feel like he could be one of those good guys in crypto. But here we go, binance, provided a SnapChat SnapChat. Snapshot of account balances and Bitcoin reserves of which it claims to have 582,485 Bitcoin sitting in its reserves, while its users have a net balance of 575,742 Bitcoin. So all looks good. Assuming they didn't just get that money that Bitcoin from somewhere, put it in a wallet to just to show that snapshot and then they just disperse it back to where it came from. My initial thought is binance is you can't trust anybody a 100%, but binance, in my opinion, I'm blocked. I can't open up binance account. I got to deal with that problem. But code is law. Everything else is suspect. Yeah, a 100%. Yeah, a 100%. Actually, I love that. Code is a lot of other T-shirt. This is a big. That's a T-shirt I could get into. And it's funny how vitalik is all of a sudden like, actually, you know what, guys, code is really the only thing you can trust, blah, blah, blah, blah, blah. You know, anything that's centralized is problematic. I'm like really bro, you're the reverse the transaction dude, and now your code is law, can you break? Yeah. Yeah. Ethereum's garbage. Someone said, someone said there are no white knights in crypto. It's all gray, which is interesting. It is kind of a wildlife. False. But FTX attacker moving on to our next story, moving funds to Bitcoin. Yeah, now they're trying to move these funds to a mixer. Again, guys just kind of hammering home the point that these people seem to be pretty guilty. Why are you sending your stuff to a mixer? All right, let's see. In a recent tweet, analyst Zach XBT mentioned that the first batch of bitcoins, I love that word bitcoins. 360 BTC from the FTX hack are moved for laundering on chip mixer, a mainstream Bitcoin blender. And then there you go, there's this tweet update FTX hacker has started using chip mixer to launder the funds. I love the crypto investigators. Yeah. It's like, it's so good to see just humans come together and just try to get to the bottom of stuff. Self regulated industry. A 100%. And you know, there's a lot of, there's a lot of really smart people out there. So it's cool to have these people like on the regular people's team. It's not just the big guys that get these smart people on their team. We have them too. But yeah, there you go.
"bahamas" Discussed on The Bitboy Crypto Podcast
"Love it. Love it. The bahamian authority who is a coin bureau, the bahamian authorities decide to address the FTX situation only when they realize half of crypto Twitter was heading to the island. Now that's a job well done, lads. Yeah, I mean, hey, it's true. The leader, the leader of the SPF Bahamas mission. Yeah, exactly. The BitBoy. Yeah, that's pretty funny. I mean, how can you hate on that? The community comes together led by mister Ben Armstrong to go take this guy down. This one's from mister whale watch art. Whale chart dot org breaking CEO of Alameda research Caroline Ellison has fled from Hong Kong to Dubai. Yeah, see, this is how you know these people are guilty, right? That may not pan out the way she's hoping. Because in the spaces last night, I don't know if you picked up on this, but Ben said that FTX hurt a lot of OTC desks in Dubai. And they're pretty angry at everyone attached to that. Yeah, I mean it was surprised me. I don't think she's necessarily, it's probably more non extradition type, you know, that's what they're trying to hide out from. But what they were saying that they wouldn't do that. Because they have debtors prisons in Dubai. And so if she owes a whole bunch of Dubai in. People do be in, do be in people? Chat, tell us what the pronunciation for the people who live in Dubai. Yeah, she may end up in a debtor's prison. Yeah, yeah, 'cause it's actually a completely illegal to be in any kind of debt in Dubai. Well, they don't believe in usury. Yeah. Yeah. And the Islamic countries, yeah. They're really great for women in prison. Caroline, come to us. We'll see if you don't worry. Don't worry. But yeah, this is how you know these people are guilty, guys. When they start fleeing, and when San being free won't come down from his penthouse to talk to Ben, he's not the feds, he just wants to talk. Yeah. Just want to get an interview for the people. For the people. I love Ben's tweets. He was like, come on, Sammy. Let's talk. Oh, it's so good. I love it. But yeah, it was that, I think that was pretty much the last one. Okay. Keep it rolling. All right, let's go ahead and jump into these stories, guys. Starting off with Bitcoin, bottom is near, but a drop to this level is possible, renowned analyst says. Renowned any analyst says the bottom could be in, but we could also go to this level. But yeah, let's jump into this. After Bitcoin failed to sustainably overcome the important resistance at $16,600 within the last 5 days, the price saw a renewed pullback a few hours ago.
"bahamas" Discussed on The Bitboy Crypto Podcast
"And we've had a massive development here in the last 9 hours. And unfortunately, right now, I can't tell you what it is. But I can tell you that we're hoping that this is going to lead to something absolutely massive by the end of the day. That we are really trying to figure out some logistics on something that the Internet would kill for right now. And if we're able to make happen, what we think we're going to make happen, it's going to be closure. It's going to be clarity or are going to be questions answered that nobody else is going to be able to give you guys and so this is what we're pulling for. We are now here for at least a day. We are heading over to tether to Delta bank. And let me tell you, when we get back to stateside, we're going to tell you some of the stuff that we found that we can't even talk about right now while we're still here in The Bahamas. So maybe tomorrow I can call in and show you guys something. That people are going to be absolutely shocked that we got. And you know, I think that this is the kind of situation that's ever developing and people are, you know, last night we got to go with the bahamian government or, well, when an activist, Lincoln, Lincoln Bain, he's a big guy here in the moments. Everybody who we talk to at the casino, the dealers, the wagers is they all know who he is. He might be the next president of The Bahamas. We did a live stream with him where we reacted to what was going on with the statement from Ryan pinder, the attorney general here. He left the government, went and worked for del tech bank and then his came back to the government now. We watched the thing last night where basically he talked about what's going on here.
"bahamas" Discussed on The Crypto Overnighter
"After three arrows capital claps, BlockFi announced that they liquidated somebody. They wouldn't say who? And apparently that liquidation was not quite enough. Because then they accepted a $250 million line of credit that would grow to 400 million. Hand in hand with that increase was also something that would let FTX acquire BlockFi. Now that part of the deal never came about as FTX had to file bankruptcy earlier this month. As a late breaking development, the Financial Times is reporting that BlockFi is suing Sam bankman freed. They want his shares of Robinhood. Their claim is that SPF promised those shares as collateral earlier this month. Specifically, BlockFi sued SPF's emergent fidelity technologies. And this complaint was filed in New Jersey, which is the same place that BlockFi has filed for bankruptcy. Sam bought 7.6% of Robinhood earlier this year. In their filing, BlockFi claims that they entered an agreement with emergent on November 9th. But also, BlockFi named the brokerage involved. ED and F man capital has apparently refused to transfer the collateral to BlockFi. And on the FTX train, the next bit of news comes to us from the U.S. commodity future trading commission. Because there has been some question lately, and those questions are centered around FTX derivatives and the CFTC. Because before everything went south, FTX and the CFTC weren't talks about a controversial plan to streamline the market structures rules. While CFTC chair rustin venom is denying that the CFTC and FTX work close to an agreement. Now typically speaking, trading, clearing our two different roles when it comes to settling crypto derivatives contracts. While FTX was proposing to merge those two roles, but of course that was before FTX imploded. Chair benham said quote, there are elements of the application that I think have merit. But ultimately, we didn't come up with a decision. We were not actually even close because there were more questions. He cited issues in terms of law, policy, and risk. Now, FTX is pitched for this was that by streamlining the process, this lets customers assess and respond to risks in real time. And that idea was called unique by venom. And he defended the relationship between FTX and his officials as they worked their way through the process. Quote, FTX and its management team came in quite frequently. As the chairman of the agency, I wanted to be squarely involved to make sure that I was seeing what was happening in terms of the process. But that's not all. Benham also defended the digital commodities consumer protection act. Now he said that if the CFTC gets oversight over spot markets, it would be able to protect crypto investors because then they can move to stop bad actors. This came after a question about the same legislation that Sam bankman fried was Schilling on the hill. It's venom's position that the CFTC could not legally supervise much of FTX or their activities. That it would be different under the DCC PA because in addition to handing responsibility of spot markets over to the CFTC, it would also increase transparency into non public exchanges. That transparency would help ensure customer funds and company funds don't get intermingled. Venom stood by the bill. He said quote, I think it's important that we filled this regulatory gap before more harm is done to retail investors and institutional investors as well. He said that the bill would provide for a more direct supervision. That's because the CFTC could require crypto firms to register if they're dealing in digital commodities. And finally, let's take a look at the tiny island nation at the center of the FTX fiasco. The Bahamas, because they've been busy. And I'm not even talking about BitBoy's visit. Now, this time we're talking about Ryan pinder. He is The Bahamas attorney general, as well as the minister of legal affairs. And pender said FTX is undergoing an active investigation by bahamian authorities. Now this came to us from a statement delivered live on the prime minister's Facebook page. Pinder said that FTX digital markets was under investigation by civil and criminal authorities. He also said that bahamian authorities have engaged a number of specialists and experts and will continue to do so as the need arises. He went on to say that the securities commission and the financial crimes unit of the royal Bahamas police force will be investigating the facts about FTX as bankruptcy and any criminal violations a law. He also said that they would be holding any companies or individuals responsible for any broken laws discovered in the investigation. He said quote, these events remind us of the lessons learned from securities and other financial regulation about the need for strong, cross border cooperation. The public worldwide will be best served by a strong international regulatory cooperation. But pinder is also taking exception to how he feels that his country has been represented in the press. At first, he believes that John Jay ray is guilty of misrepresenting the actions of The Bahamas. John Jay ray is the new CEO that FTX brought in to oversee the bankruptcy and reorganization process. Well, in a court filing, ray and FTX accused The Bahamas of ordering quote unauthorized transactions. The response to that accusation from pinder was, quote, it is extremely regrettable that in chapter 11 filings for bankruptcy protection made in New York last week that the new chief executive of FTX trading limited, not The Bahamas based FTX digital markets, but an affiliate company incorporated an Antigua and Barbuda, misrepresented the timely action taken by the securities commission and used inaccurate allegations lodged in the transfer motion that they followed to do so. He also took the time to point out that standard and poor's has forecast a stable outlook for The Bahamas economy. Pinder said that there was, quote, no material adverse impact from FTX is collapse. He said, any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here, would be a gross oversimplification of reality. We have been shocked at the ignorance of those who said that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. And that last bit is an accusation I've heard a few times. The story being that FTX was only interested in The Bahamas because our soft on regulation. So it is not surprising to me that they don't want to be known as legally lacks. Now it looks like this case is going to give the world a chance to see if indeed The Bahamas is interested in justice or just looking like they are. And that's going to do it for us on a Monday night. I want to thank you, my listeners, because when you stop listening, I will stop talking. We'll see you tomorrow night.
Bahamas AG Defends Its Crypto Savvy in Wake of FTX Crash
"To sum up where we left off, the last non interview show was Saturday November 19th. At that point, we had discussed how the $420 million meme raise went directly into Sam's pockets, how Sam's white collar crime lawyers had fired him as a client, how the SEC, the CFTC, and the DoJ all said their investigating, and how new CEO chief overseeing the restructuring John ray claimed that the bahamian bankruptcy was at odds with the U.S. process and further that given that The Bahamas asked for FTX to transfer some assets to them after the chapter 11 bankruptcy was declared that they might actively be compromised as well. And this gets us to one of the stranger dimensions of this whole conflict, which is the international dimension. On Sunday Night, Ryan pinder, who's The Bahamas attorney general, as well as the senator and the minister for legal affairs, made a national address detailing the nation's view of the FTX collapse. One might hope that he would use this as a chance to denounce the fraudulent practices that the company perpetuated. But, alas. That is not what we saw. Instead, pinder characterized the collapse as a quote insolvency crisis, which has been, quote, experienced around the world in practically every sector. He claimed the case should be properly understood as a quote very large business failure as a result of questionable internal management practices and corporate governance. He viewed the catalyst of the FTX collapse as the exchange suffering a liquidity crunch or a run on the bank. And of course, we've seen this framing in media sources as well. Basically blaming binance CEO CZ for instigating a bank run on a competitor and treating the collapse as a normal corporate failure rather than asking why FTX failed to be able to service customer withdrawals, especially given that their terms of service laid out the customer funds were held on trust rather than used for other purposes. Now, sidebar, this is one of the most important things to be paying attention to right now. As relating this entire situation. It is extremely clear that Sam is trying to turn this story his FTX story into one of managerial and competence rather than fraud and deception. This is to be clear another lie.
"bahamas" Discussed on CoinMarketRecap: Daily Crypto News
"Hello to you, welcome to coin market recap on Monday, the 28th of November. I'm Connor sefton with coin market caps easy to understand look at the top crypto stories. Hope you've had a good weekend and we're going to jump straight in as we're focusing on one story today. The attorney general of The Bahamas has made a 23 minute address to the nation following the collapse of FTX. The island nation and its regulations have been in the spotlight after Sam bankman freed's exchange imploded. At only general Ryan pender, stressed The Bahamas is a place of laws and described FTX as a very large business failure as a result of questionable internal management practices and corporate governance. He stressed about the FTX group consists of over 100 companies based in dozens of jurisdictions around the world and said FTX digital markets is the only company regulated in The Bahamas. Not Alameda research. Pinda defended the actions taken by the country's regulators. The speed of which the securities commission was able to move was remarkable by any standard. Over the course of 8 days, market confidence was lost in a company which at one point had a $32 billion valuation. The securities commission deserves the highest praise for moving so swiftly and decisively to suspend FTX digital markets license and appoint the provisional liquidator. The attorney general said no other jurisdiction in the world would have been able to move this quickly and the circumstances. And he stressed and active and ongoing investigation into FTX digital markets is taking place that involves both civil and criminal authorities. The securities commission, our financial intelligence unit, and the financial crimes unit of the royal Bahamas police force will continue to investigate the facts and circumstances regarding FTX and solvency crisis. And any potential violations of bahamian law. They will hold accountable any responsible companies and individuals and act in cooperation with other regulatory agencies and law enforcement bodies, both here in The Bahamas and in other countries that are affected. These events remind us of the lessons learned from securities and other financial regulation about the need for strong cross border cooperation. The public worldwide will be best served by strong international regulatory cooperation. That means more jurisdictions taking up the challenge. Following our lead and implementing strong regulatory frameworks. Ryan pinder went on to attack FTX new CEO John ray and accused him of making inaccurate allegations in filings to a U.S. bankruptcy court last week. The attorney general described this as extremely regrettable. It is possible that the prospect of multi-million dollar legal and consultancy fees is driving both their legal strategy and their intemperate statements. In any case, we urge prudence and accuracy in all future filings in all matters, pain that later said that the collapse of FTX will not affect the performance of the bahamian economy and had this message. Any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here would be a gross oversimplification of reality. The dozens and dozens of companies involved registered in numerous jurisdictions across the world, the scope of related parties, including some of the world's most sophisticated investors. Demonstrate the cross border multi jurisdictional nature of this event. And it is deeply misguided to conclude that reluctance to communicate the details of an active investigation means that nothing is happening. In fact, the government's discretion stems from how seriously we take our commitment to the rule of law and the independence of the securities regulator in The Bahamas. We have been shocked at the ignorance of those who assert that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. In fact, the world is full of countries in which there is no legislative or regulatory authority over the crypto and digital asset business. But I must say The Bahamas is not one of these countries. He concluded by saying The Bahamas will not apologize for aspiring to be at the forefront of the crypto sector and said the country stands by the quality of its regulations. Like the dotcom boom and bust of the past, we believe that the turbulence currently being experienced by the digital assets sector will pass. And that there is still much potential for growth and opportunity ahead. In fact, I am fully confident that as matters progress and the activities of the FTX group are either restructured or wound down, The Bahamas will emerge. Held in even higher esteem. A turbulent cryptocurrency period on a global basis and the downfall of a single bahamian company in no way threatens a bright future for The Bahamas. For today's coin market recap, please do leave us a review if.
"bahamas" Discussed on The Crypto Overnighter
"They said it was concerning that FTX quote chose to rely on the statements of individuals they have in other filings, characterized as unreliable sources of information and potentially seriously compromised. Now apparently other FTX officials have made similar statements regarding significant thefts from the exchange. The securities commission is taking that as a sign. They said it, quote, reinforces the wisdom of the commission's prompt action to secure these digital assets. In the meantime, FTX is paying the very regulators who confiscated their funds. Because not only did the Supreme Court of The Bahamas order FTX to turn those assets over, they also ordered FTX to reimburse the agency for custody those digital assets. Since they were seized. It was at that point. Shortly after bankruptcy was filed, the Supreme Court of The Bahamas ordered those funds seized in the first place. Now that could start a bit of a slap fight between the U.S. and The Bahamas. Their order obligates the FTX digital markets or FDM to pay those maintenance and storage fees. The Supreme Court said quote, the order secured today confirms the commission is entitled to be indemnified under the law and FDM shall ultimately bear the costs of the commission incurs in safeguarding those assets for the benefit of FDM customers and creditors. In a manner similar to other normal costs of administering FDM assets for the benefit of its customers and creditors. In the meantime, the UAE is revoking permission to do business in their country. Officials from the Dubai virtual assets regulatory authority or vara said no clients were damaged by FTX. Because the Middle East North African division never got off the ground. FTX meta was still in the preparatory phase before getting fully licensed to shut up shop. And so with that in mind, Barry yanked that license that lets FTX continue preparations to serve the local market. On their website, the regulators announced that they revoked MVP. Their minimum viable product license. Citing the bankruptcy of FTX and Alameda research, Vera said that they shut down that license before any clients were exposed. And what that means is FTX Mena never got the chance to start operations or onboard investors. One of the steps that they had not completed yet was a domestic bank account. Which is a common requirement for all virtual asset service providers or that want to do work in the UAE. Now these service providers are being asked to provide disclosures. These disclosures are expected to help regulators pin down the degree of contagion within the UAE, as well as assess domestic market exposure. Those just in March that SPF announced FTX received the first digital asset license in Dubai. And we reported it here in July when FTX got license to participate in the minimum vial product program. Meanwhile, Sam bankman fried is still walking free. He's expected to make an appearance at a New York City conference at the end of the month. It was announced yesterday that sbf will be appearing with Andrew Sorkin at the DealBook summit next Wednesday. Now this is not something that was set up a long time ago and had not been descheduled. This was tweeted out yesterday by Sam and was confirmed with Sorkin, who said quote, there are a lot of important questions to be asked and answered. Nothing is off limits. Now personally, I would expect SPF to show up virtually. Let's be honest. There are a lot of people, myself included, who think that Sam is guilty of a lot of things, including fraud, wire fraud, theft, and money laundering. And then we've got Alexei Purcell, held for months and will be held for months more for no greater crime than writing code. No bail, no relief. No mercy. And yet, SPF continues to walk free. And we're going to call it there tonight. Now, every night, I thank you, my listeners. And then the spirit of Thanksgiving, I'm doing so again. Every click, every like, every download is like a hit of dopamine right to my brain, and I want to thank you for it. We'll see you tomorrow night.
"bahamas" Discussed on The Crypto Overnighter
"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. Hello. And welcome to Thursday, November 24th, 2022. Happy Thanksgiving. Now let's get to it. Our data is a decentralized finance in stablecoin project on cardano. In January, our Dana developers boasted that their project was almost done. In a tweet, they said quote, almost all of the product, smart contract development is finished. We could launch our products within a few weeks if we so wanted. Well, it looks like crypto winter is going to claim another victim. That is, unless they can find a new team to tag in, because our Dennis team is quitting. Suddenly, they stopped development on the project. They said that there were concerns about funding as well as the project timeline. The project is going to continue to be open-source in the meantime. Our data labs will custody the treasury balances of the remaining funds. At least until another team comes along to pick the workup. In a tweet, they said quote, development on cardano has been difficult with a lot of funding going into tooling, infrastructure, and security. This, alongside the uncertainty around the development completion, has led to the best course of action being halting development of the USD. So the way this project was working, there's a pool of money. And this money was raised at an initial stake pool offering on July 4th. Now, in this case, instead of the dev team getting the funds, the dev team is getting paid in staking rewards. Now for this project, those sticking rewards are denominated and the problem comes when, like now, the staking rewards are worth almost nothing. Over the last year, our Dana's Dana tokens have fallen 99.85% in value. And so as it stands, they're blaming these delays on cardano's liquidation issues. Risks to users funds. On the other hand, some users blame the ardenna team. One wrote, quote, sounds like you're blaming cardano for your lack of motivation and dedication. You decided to build here for a reason, and now you're giving up. Others, like exo will come in and take all the glory. Now, I'm loving Belgium right now because their financial services and markets authority said that because Bitcoin and Ethereum have no issuers, they can not be securities. It was today that the regulator said that they were trying to get ahead of an increasing number of questions around crypto regulations in general. They were hoping to get ahead of them by addressing some of the more common gray areas. One of those gray areas has to do with whether or not digital assets can be defined as securities. Because unlike the chaos in the U.S. regulatory space, it seems like Belgian law is pretty clear. The rule is neutral as regards to technology. This comes to us from their FSM a and it says that classifying financial instruments or securities shouldn't come from whether or not the asset uses a blockchain or if it relies on something more traditional. Now this largely mirrors guidance given in July that says transferable instruments that have an issuer are likely to be securities, which means they have to provide a prospectus to potential investors. They must also adhere to the law known as my fit. And my fit requires financiers to be clear and to avoid conflicts of interest. Now, none of that applies to Bitcoin or Ethereum or cryptocurrencies like that, because they have no issuer. However, in their piece they did say that even if those rules don't apply, there will be anti money laundering procedures as part of the markets in crypto assets law. Which will require much the same thing. A white paper, which is kind of the same thing as prospectus. As it currently stands, a 2014 Belgian rule makes it illegal for professionals to distribute crypto assets to retail clients. In the meantime, the European Parliament passed a vote on their digital decade program. This program means investing in a cross border blockchain infrastructure that could happen as early as 2030. This digital decade policy program is there to help businesses and public services digitize their work and it also promises support for a quote pan European blockchain based infrastructure. This measure was passed in a plenary vote, and it wasn't even close. 529 to 22. So what it means is setting up multi country projects that are designed to produce things like common data infrastructure, improvements to high performance computing, 5G Internet quarters and investing in blockchain solutions. Now, there's something called the European blockchain service infrastructure. And it is a cross border plan involving the EU member states as well as Norway and Liechtenstein. Ukraine is kind of a long as an observer. And the passage of this plan secures funding for years to come. And you use spokesperson said quote, the EBS I aims to support cross border public services, leveraging the technology in an eco friendly way. It uses blockchain in a permissioned way with an EU governance provided by the EBP. These multi country projects have funding available to them from the EU's existing resources. For example, there's a €724 million pot of loans and grants from the recovery and resistance facility. Now both EU member states as well as private entities will be able to support or invest in these projects. So now let's take a look at the FTX news out of The Bahamas because bahamian regulators are unhappy. The securities commission of The Bahamas put FTX on blast, claiming that the exchange had mischaracterized their actions. And as always, this kind of thing comes down to money because the regulators of the island nation are denying FTX claims that they force them to hand transfer from FTX to wallets controlled by the government of The Bahamas. On Wednesday, they called those allegations in temperate and inaccurate their words. In response, they said that they got permission from the Supreme Court to move those funds for a reason. And that reason was to protect the assets against the risks associated with hacking and compromise. And boy, howdy, did they get hacked? Now remember what happened? Shortly after sbf took his company into bankruptcy in the state of Delaware, the liquidators appointed by The Bahamas took their suit to a New York bankruptcy court. And now that's been cleared up. FTX submitted yet another court filing, asking them to move the chapter 15 proceedings to Delaware. And that has happened. The representatives for The Bahamas agreed to that much. However, it was in that same court filing that FTX made the accusation. Saying that the bahamian government directed unauthorized access to FTX systems. Now, the government allegedly wanted that access so that they could withdraw assets after FTX filed for bankruptcy protection, which shouldn't happen. I guess it's a matter of interpretation, especially where the term unauthorized access is coming from. Because The Bahamas is claiming that they were, in fact, justified, enforcing FTX to turn those assets over to government controlled wallets for safekeeping. And on Tuesday, during the first hearing of the case, FTX lawyers, while announcing that The Bahamas agreed to transfer the case to Delaware, James Bromley spoke out. Now, he is a partner at Sullivan and Cromwell, and he's in their finance and restructuring group. Romney said that FTX has proof that quote there have been the movement of assets out of debtors states to The Bahamas. And so security is commission isn't hearing that. After the hearing, the representatives of the regulator said
"bahamas" Discussed on Finance Magnates
" 5 a.m. Thursday, November 24th, 2022. The Bahamas regulator justifies moved to cease local FTX clients assets. LTP GT the securities commission of The Bahamas on Wednesday released a statement justifying its move to cease the customer assets of the local Tahrir dot finance magnates dot com tag target quad blanquet F diesel tag density. FTX digital markets LTD FDM. It came after several questions were raised against the action of the bahamian regulator Donald cloaked quite it is unfortunate that in chapter 11 filings, the new CEO of FTX trading limited misrepresented this timely action through the intemperate and inaccurate allegations lodged in the transfer motion, quote the regulator stated dot clipped quad is also concerning that the chapter 11 debtors chose to rely on the statements of individuals they have in other filings characterized as unreliable sources of. Information and potentially apo seriously compromise depots qualified The Bahamas financial market watchdog gained a court order on November 12th to make the collapsed cryptocurrency exchange the dot finance magnates dot com cryptocurrency Bahamas regulators to transfer cryptos to government while it's quote target quote Blanco transfer local customer sapo's digital assets. To government controlled wallets will tag for a Pacific keeping a pose dobble cooked quite given the nature of digital assets and the. Risks associated with hacking and compromise, the commission determined that placing FDM into liquidation was not sufficient to protect the customers and creditors of FDM, quote the regulator added LTP GTL TPG GT further. The cyberattack on FTX, resulting in the theft of at least 1 billion in cryptocurrencies, justified the regulators moved LTP GTL tp GT the column cell TX, valued at 34 billion in the last funding round, collapsed earlier this month. Several misdeeds of its founder and the former CEO, Sam bankman fried surfaced over the weeks he reportedly used client deposits. He created a complex loan structure with sister entities backed by the native exchange token, FTT LTP GT LTP GTF tx dot com, FTX U.S., Alameda research in over 130 other affiliates filed for chapter 11 bankruptcy proceedings in Delaware. In addition, the bahamian entity dot finance magnates dot com cryptocurrency files for bankruptcy ascio bankman for Dresden's quote target quote blank hot filed for bankruptcy tagged, but chapter 15 protection in a New York court. The liquidators of FTX have now agreed to move the proceedings of FT past Bahamas entity to Delaware Donald cooked quite the commission will continue to evaluate the situation, continue to act in accordance with directions issued by the Supreme Court of The Bahamas, collaborate with other supervisory authorities, and take such further actions as needed to preserve the assets of FDM and to safeguard the interests of customers and creditors of FDM, quote the securities commission of The Bahamas. Added quite an addition, the commission will continue to investigate the facts and circumstances regarding 50s past liquidity crisis and any potential violations of bahamian law and hold any responsible companies and individuals accountable. In cooperation with other regulatory agencies and law enforcement both in The Bahamas and in other affected countries in connection with their own investigations on top of that, the scale and impact of the collapse of FTX prompted. Other global regulators to clarify their situation. The monetary authority of Singapore recently clarified that la reco dot finance magnates dot com cryptocurrency Singapore's masks not less sensitive protection off local as their simpo sub quat target quack Blanco FTX is not regulated under its jurisdictional tagged, and thus the protection of its local clients is impossible LTP GT. This article was written by WWW dot finance magnates dot com.
The Bahamas Regulator Justifies Move to Cease Local FTX Clients' Assets
"5 a.m. Thursday, November 24th, 2022. The Bahamas regulator justifies moved to cease local FTX clients assets. LTP GT the securities commission of The Bahamas on Wednesday released a statement justifying its move to cease the customer assets of the local Tahrir dot finance magnates dot com tag target quad blanquet F diesel tag density. FTX digital markets LTD FDM. It came after several questions were raised against the action of the bahamian regulator Donald cloaked quite it is unfortunate that in chapter 11 filings, the new CEO of FTX trading limited misrepresented this timely action through the intemperate and inaccurate allegations lodged in the transfer motion, quote the regulator stated dot clipped quad is also concerning that the chapter 11 debtors chose to rely on the statements of individuals they have in other filings characterized as unreliable sources of. Information and potentially apo seriously compromise depots qualified The Bahamas financial market watchdog gained a court order on November 12th to make the collapsed cryptocurrency exchange the dot finance magnates dot com cryptocurrency Bahamas regulators to transfer cryptos to government while it's quote target quote Blanco transfer local customer sapo's digital assets. To government controlled wallets will tag for a Pacific keeping a pose dobble cooked quite given the nature of digital assets and the. Risks associated with hacking and compromise, the commission determined that placing FDM into liquidation was not sufficient to protect the customers and creditors of FDM, quote the regulator added LTP GTL TPG GT further. The cyberattack on FTX, resulting in the theft of at least 1 billion in cryptocurrencies, justified the regulators moved LTP GTL tp GT the column cell TX, valued at 34 billion in the last funding round, collapsed earlier this month. Several misdeeds of its founder and the former CEO, Sam bankman fried surfaced over the weeks he reportedly used client deposits. He created a complex loan structure with sister entities backed by the native exchange token, FTT LTP GT LTP GTF tx dot com, FTX U.S., Alameda research in over 130 other affiliates filed for chapter 11 bankruptcy proceedings in Delaware. In addition, the bahamian entity dot finance magnates dot com cryptocurrency files for bankruptcy ascio bankman for Dresden's quote target quote blank hot filed for bankruptcy tagged, but chapter 15 protection in a New York court. The liquidators of FTX have now agreed to move the proceedings of FT past Bahamas entity to Delaware Donald cooked quite the commission will continue to evaluate the situation, continue to act in accordance with directions issued by the Supreme Court of The Bahamas, collaborate with other supervisory authorities, and take such further actions as needed to preserve the assets of FDM and to safeguard the interests of customers and creditors of FDM, quote the securities commission of The Bahamas. Added quite an addition, the commission will continue to investigate the facts and circumstances regarding 50s past liquidity crisis and any potential violations of bahamian law and hold any responsible companies and individuals accountable. In cooperation with other regulatory agencies and law enforcement both in The Bahamas and in other affected countries in connection with their own investigations on top of that, the scale and impact of the collapse of FTX prompted. Other global regulators to clarify their situation. The monetary authority of Singapore recently clarified that la reco dot finance magnates dot com cryptocurrency Singapore's masks not less sensitive protection off local as their simpo sub quat target quack Blanco FTX is not regulated under its jurisdictional tagged, and thus the protection of its local clients is impossible LTP GT. This article was written by WWW dot finance magnates dot com.
Bahamas regulator defends FTX actions as bankruptcy tensions mount
"8 a.m. Thursday, November 24th, 2022. Bahamas regulator, defense FTX actions, as bankruptcy tensions mount. The Bahamas financial regulator defended its treatment of FTX, in the face of criticism over alleged unauthorized transfers. The post Bahamas regulator defends FTX actions as bankruptcy tensions mount appeared first on the block
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
"6 a.m. Thursday, November 24th, 2022. Recent FTX hacks prove it was right to secure, its assets, bahamian regulator the securities commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to secure FTX digital assets.
"bahamas" Discussed on The Crypto Overnighter
"Ordered for the crypto and FTX wallets. To be handed over to government controlled wallets, the previous week. They claimed that it was necessary for them to do so to protect their clients. They said that they were acting under an order issued by the Supreme Court of The Bahamas when they ceased FTX digital assets. They said quote, urgent interim regulatory action was necessary to protect the interest of clients and creditors of FDM. So remember, shortly after FTX filed bankruptcy on November 11th, now it's important to note that that filing was in the United States. And specifically did not include FTX digital markets in the bankruptcy. Now remember, after that bankruptcy filing, it looked like FTX was getting hacked, right? Because hundreds of millions of dollars of crypto went from FTX coffers to the wallet of the state. They said, quote, a digital wallet controlled by the commission. For safekeeping. So analysts were saying some $633 million worth of crypto was drained with 477 of that expected to be stolen. Well, that turned out to be false. And this decision to confiscate the money from those accounts came just two days after they decided to freeze FTX digital markets assets. Suspended their registration, so they couldn't do business in The Bahamas anymore. They stripped FTX directors of their power. And so the whole thing is just kind of odd. It's BF filed for bankruptcy chapter 11 protection on November 11th. Now on the 15th, after The Bahamas took all the money from the FTX wallets, then FTX digital markets filed for bankruptcy, chapter 15. And they did so in the southern district of New York, not Delaware, which is where the rest of the company's file. Genesis block is a cryptocurrency exchange based in Hong Kong. And they seem to be yet another casualty of FTX implosion. They said, fallout from FTX is the final straw after a year of winding down services. Instead of being the FrontRunner to provide retail crypto services in Hong Kong, genesis block announced that they were shutting down operations in ceasing trades. They sent out a letter to their customer. In their letter, they gave December 10th as the date that they plan on sunsetting their OTC trading portal. Winston hung is CEO of Bach. And he said that the company has ceased trading due to the turmoil from FTX. He said quote, so we would rather close out our positions to regain some of our liquidity. That said, their website is still up. And they still have a section for customers interested in OTC trading, but it's just like a help file for information only. Genesis block has asked their customers to get their funds off the exchange. And they're no longer accepting new signups. That said, sources say that genesis block began winding down services earlier this year. And they cut ties before FTX imploded. And in addition to their OTC trading, genesis block also ran a Bitcoin ATM network. They sold that network and it's 29 notes to a third party this year. This is genesis block. This is not the same genesis that's causing a problem with Gemini's earned program. Genesis is a institutional trading company that has a $175 million locked up on FTX. So it's a different company. And finally, let's talk about Kroll. Kroll is a restructuring administration firm. Kroll restructuring administration is a subsidiary of Kroll LLC. Kroll LLC is one of the world's largest corporate intelligence firms. An FTX has hired Kroll to track all of the claims against them. They're also responsible for identifying interested parties of developments throughout the bankruptcy process. Kroll is also known as a claims and noticing agent. And they were appointed to the role last week on the 12th. Now their job is to keep track of all of the claims against members of the FTX empire. Right now, there's only 8 claims in that database. And these kinds of agents are commonly used when the claimants number a thousand or more. With an estimated million or more potential creditors in this case, I expect that database to grow significantly in the coming months. In addition to claimants, Kroll has a list of interested parties. These are people or entities that want to be kept updated on developments. This list already over 750 parties does not include customers. It's more things like banks and landlords, regulators and insurance providers. As well as individuals, Stephen Curry is on the list, as well as Wells Fargo, chain analysis, circle and JPMorgan. And I think that's going to do it for us tonight. I want to thank you my listeners because when you stop listening, I will stop talking. We'll see you tomorrow night.
"bahamas" Discussed on The Crypto Overnighter
"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. Hey, everyone. It's 10 p.m. on a Thursday, November 17th, 2022. Diet Friday. Okay, on with the show. One of the tactics that debt collectors used is to tell the debtor, I don't care where you get the money, make sure you pay us first. Even if you have to borrow the money from someone else, you make sure you pay us first. Which makes sense, right? You know this guy isn't making the best choices financially speaking necessarily. And you want to make sure that you're taking care of in case the money runs out. The island nation of The Bahamas is a lot like you. And in a way, I get it. Assuming what FTX is saying is true, that is. Because the crypto exchange is accusing the government of The Bahamas of directing unauthorized transactions from FTX systems to withdraw assets. This was after the company filed for chapter 11 in the United States. So the document was filed in U.S. bankruptcy court for the district of Delaware. This filing asks for the transfer of the case to Delaware. They said to quote end the chaos. So that all of the proceedings can take place in a single venue. Because this is messy, right? This thing has some 130 odd companies involved. Estimates are 1 million creditors. In their filing, they said they have, quote, credible evidence that the bahamian government is responsible for directing unauthorized access to the debtor systems for the purpose of obtaining digital assets. Adding, it appears they automatic stay has been flaunted by a government actor no less. Because when bankruptcy is filed, that's supposed to freeze all the assets. That's the protection that they're talking about until they can be divvied up between the creditors. FTX trading is an antiguan company that filed for bankruptcy in the United States. They want to have the entire thing held into single court as well. They said quote, having two bankruptcy courts consider related issues simply makes no sense. It would result in potentially inconsistent opinions, duplication of efforts and unnecessary expense. In terms of the celebrity of mister beckmann fried, his unconventional leadership style, his incessant and disruptive tweeting since the petition date and the almost complete lack of dependable corporate records, these chapter 11 cases are unprecedented. And we're going to talk about Sam's tweets here in a minute. But for now, the accusation was filed in response to a complaint filed in a New York court. One filed by the court appointed bahamian liquidators. They remember we talked about the Bahama Supreme Court. They appointed these provisional liquidators. Brian Sims is one of those liquidators. And mister Sims has objections. He submitted a court filing that because FTX is domicile in The Bahamas. That means FTX wasn't able to file for bankruptcy in the United States. Further, he said quote, he rejects the validity of any purported attempt to place FTX affiliates in bankruptcy. Now, he didn't go quite so far as to ask for the court to dismiss the U.S. bankruptcy proceedings. That said, he did request that the court recognized that the bahamians legal actions were valid. He said that this could impact proceedings for other FTX controlled entities. So for Sims and what he's arguing, it comes down to this. FTX markets is the parent company over all of the other companies, which, according to him, means that all of the companies in the empire belong to FTX digital markets. He said quote, despite the seemingly complex structure of the FTX brand companies, the entire FTX brand was ultimately operated from a single location. The Bahamas, all core management personnel likewise, were located in The Bahamas. And so what he's asking for here is provisional relief. They want recognition of the bahamian legal proceedings thus far. And they want FTX U.S. based assets transferred over to those court appointed liquidators. He wants authorization for quote urgent discovery measures. And they want to make sure none of FTX assets are transferred and otherwise disposed of. And all of this comes after he and other liquidators filed for chapter 15 protection on behalf of FTX digital markets. That filing went in on Tuesday. Chapter 15 protections are usually used in cross border operations. And so these liquidators are claiming signs of quote serious fraud and mismanagement. This is according to filings made late Wednesday. The group filed their document in the U.S. bankruptcy court of the southern district of New York. Which is why documents were filed to get everything done under the bankruptcy court of Delaware so that there would only be one court involved. In their filing, they said quote, the joint provisional liquidators filings to date indicate that serious fraud and mismanagement may have been committed. And so they're filing is to prevent any assets of being disposed of until the courts make a final decision on whether or not to grant chapter 15 bankruptcy protection. Because there have been reports that Alameda research owes FTX something like $10 billion. They said those reports were quote essentially confirming that FTX brands management misused customer deposits on the FTX digital asset exchange to extend undisclosed loans to Alameda. They also brought up that $500 million loan that they made to Voyager as well. With all this in mind, an official notice from The Bahamas securities commission said that SPF is possibly facing criminal proceedings. Now The Bahamas and their liquidators are not the only ones interested in, the quality of leadership exhibited at FTX. John ray had some things to say about the way the company was run. And he also had some things to say about SPF's latest antics. This was after Sam took 40 hours or so to type out what happened. Tweeted that out across 9 different tweets. SPF also said that FTX has leverage was around 13 billion. Not the 5 billion that he originally thought. Inter mister John J ray the third. He took over as CEO when Sam filed for bankruptcy. And he has a reputation for having been the guy who shepherded enron through their bankruptcy and settlement proceedings. At the time, the largest corporate bankruptcy in U.S. history. And so his reaction to Sam's antics were pretty subdued, really. He didn't point and laugh. He was in a tweet on Wednesday that he did say, quote, mister bankman fried has no ongoing role at FTX, FTX U.S., or Alameda research limited, and does not speak on their behalf. But that's not all mister ray had to say. In a series of filings in that Delaware bankruptcy court, he characterized SBS management as unprecedentedly poor. Now keep in mind, this is the enron guy. He saw the ugly, unvarnished truth of enron from the inside out. He knows corporate rock. And so he called out a myriad of things,
Charles Payne: Did Sam Bankman-Fried Buy Protection From Democrats?
"But it's very interesting to me the Democrats don't seem really angry about this Here they are busy getting things done that they want to rush through but they don't even want a hearing on this The SEC the failures there and the other regulatory entities that are out there You have big tech that monitors their own platforms but apparently didn't care about this And I look at this and I say to myself was this guy buying protection from the Democrat party because the Democrats are much more aggressive in their investigations and Republicans Right Yeah it's possible And in fact I had a guest on today who was a Bitcoin expert And it's not just the Democratic Party in the regulators but the media Since all of this has come out yesterday The New York Times wrote a glowing article about this guy Never mentioned a word fraud never mentioned the word crimes never mentioned any of those words They did talk about how little sleep he gets and Internet he was frugal even though he has a $40 million pad in The Bahamas He flies around in private jets Vox wrote an article saying that the talk of him having influence over the Democrats is over is oversimplified or exaggerated Forbes wrote an article suggesting he and his parents practice I think you call it it's called utilitarianism and apparently this doctrine that you go through life and you try to help as many people as possible So Forbes wrote an article saying whatever he did was altruistic in an effort to help other people This is the media circling the wagons around this guy who has ripped off a million people are now creditors in this bankruptcy Billions of dollars and they're making him out they're still trying to make them out to be a hero
Tropical Storm Nicole bears down on the Bahamas, Florida
"Tropical storm Nicole bears down on The Bahamas forecast to become a hurricane as it heads to Florida Evacuation orders in effect on Florida's east coast from Palm Beach to Daytona Beach including Mar-a-Lago and Kennedy Space Center which is delaying the moon rocket launch The national hurricane center's Daniel Brown We're not expecting this to get the much stronger than category one hurricane But because the system is so large really almost the entire east coast of Florida except the extreme southeast part and the keys is going to receive tropical storm force winds over the next 12 to 24 hours He says Nicole's winds are already 70 mph and increasing rainfall from three to 5 feet is forecast also life threatening storm surge with the storm surge amounts as high as three to 5 feet I'm Julie Walker
Nicole strengthens to tropical storm en route to Bahamas
"A hurricane warning is in effect for The Bahamas and parts of Florida with the really bad weather expected to hit the sunshine state Wednesday night sparing election day National hurricane center specialist Jack Bevin says the hurricane warning for Nicole affects Florida's east coast from Boca Raton to just south of flag the reach and even more parts of Florida as well as Georgia have storm surge warnings We are expecting surges as high as three to 5 feet or parts of the open east coast of Florida We are also expecting a fair amount of heavy rainfall It's already started raining in some places He said three to 7 inches is expected many areas still reeling from damage caused by hurricane Ian Northeast Florida may actually have more severe impacts than it did from Ian because we are expecting the very large area of winds of the north side of the store to cause prolonged high winds high tides if possible The storm surges up in that area I'm Julie Walker
Subtropical Storm Nicole threatens Bahamas, Florida coast
"Subtropical storm Nicole brewing in the Atlantic Ocean with 45 mph winds could reach hurricane strength in the next few days while approaching the eastern coast of the Florida Peninsula National hurricane center specialist Philippe papin says Nicole will be far enough offshore Tuesday that it shouldn't affect voting We won't really start to see any significant impacts from the Intel really Tuesday night into Wednesday But after that papen says Nicole will be a significant system You're actually hurricane intensity as it nears the Florida Peninsula It's expected to come ashore Wednesday in The Bahamas and Thursday along the eastern coast of the Florida Peninsula Heavy surf and likely are significant storm surge and not coastal flooding seems to be pretty likely at this point I'm Julie Walker
Aide Tells FBI Trump Ordered Boxes Moved at Mar-a-Lago
"You see the leak to The Washington Post by the government again Wow Ladies and gentlemen they actually a video and they have a witness who testified that some documents were moved from one location at Mar-a-Lago to the private office of the present maybe the private residence Wow now we got them Now we got Trump He didn't have any right To move a paper from point a to point B why did the subpoenas say he couldn't I don't understand No it's antennae intended to cover up What are you talking about The documents at Mar-a-Lago his home the club I presume he wanted access to them for all we know he's writing something I don't know But how is that evidence ladies and gentlemen of obstruction of a subpoena It has nothing to do with it He didn't move it from Mar-a-Lago to The Bahamas He moved it from one room to another He moved it from one room to another Unbelievable Donald Trump does ask well why didn't this committee ask me to testify months ago Why did they wait till the very end the final moments of the last meeting because the committee is politically corrupt That's why They all are So is the FBI
5 dead, 68 Haitians rescued from waters near Puerto Rico
"I'm Mike Gracia reporting 5 are dead and 68 Haitians were rescued from waters near Puerto Rico At least 5 Haitian migrants drowned and 68 others were rescued after a human smuggling boat dropped the migrants off in waters near an uninhabited island west of Puerto Rico Federal and local officials searched the area near Mona island after receiving a call from rangers with Puerto Rico's department of natural resources A U.S. coast guard spokesman said 41 men 25 women and two children were rescued Haitian migrants are increasingly fleeing their impoverished country amid a deepening political and economic crisis and a spike in gang related killings and kidnappings Last weekend authorities in The Bahamas recovered the bodies of 17 migrants and rescued another 25 after their boat capsized early Sunday I'm Mike Gracia
Heavy rain expected in parts of Florida, Cuba, Bahamas
"Parts of Florida are bracing for heavy rain and wind as a storm system that battered Mexico moves across the state I'm Ben Thomas with the latest The national hurricane center says the storm that began as Agatha in the Pacific Ocean will be known as Alex in the Atlantic Ocean basin once it reaches tropical storm status It's been drenching Cuba where people in Havana have been sloshing through flooded streets The tropical storm warning is in effect along portions of coastal Florida as well as the Florida keys Florida bay Lake okeechobee along with the northwestern Bahamas and much of Cuba the storm is expected to reach tropical storm strength off Florida's east coast by Saturday night and strengthen as it moves out into the Atlantic Ocean I'm Ben Thomas
3 Americans found dead at Bahamas hotel, 4th airlifted to hospital
"The the the the deaths deaths deaths deaths of of of of three three three three American American American American tourists tourists tourists tourists at at at at a a a a sandals sandals sandals sandals resort resort resort resort in in in in the the the the Bahamas Bahamas Bahamas Bahamas are are are are under under under under investigation investigation investigation investigation the the the the acting acting acting acting prime prime prime prime minister's minister's minister's minister's office office office office says says says says police police police police are are are are investigating investigating investigating investigating the the the the deaths deaths deaths deaths at at at at sandals sandals sandals sandals emerald emerald emerald emerald bay bay bay bay in in in in the the the the Exuma Exuma Exuma Exuma but but but but fell fell fell fell play play play play is is is is not not not not suspected suspected suspected suspected the the the the health health health health minister minister minister minister told told told told Eyewitness Eyewitness Eyewitness Eyewitness News News News News Bahamas Bahamas Bahamas Bahamas the the the the U. U. U. U. S. S. S. S. tourist tourist tourist tourist went went went went to to to to a a a a health health health health clinic clinic clinic clinic Thursday Thursday Thursday Thursday with with with with nausea nausea nausea nausea and and and and vomiting vomiting vomiting vomiting were were were were treated treated treated treated and and and and left left left left Friday Friday Friday Friday three three three three were were were were found found found found dead dead dead dead a a a a fourth fourth fourth fourth a a a a woman woman woman woman was was was was airlifted airlifted airlifted airlifted to to to to princess princess princess princess Margaret Margaret Margaret Margaret hospital hospital hospital hospital he he he he says says says says it it it it seems seems seems seems to to to to be be be be an an an an isolated isolated isolated isolated case case case case and and and and they're they're they're they're doing doing doing doing toxicology toxicology toxicology toxicology and and and and blood blood blood blood tests tests tests tests to to to to determine determine determine determine the the the the cause cause cause cause I'm I'm I'm I'm
Coast Guard searches vast sea for 39 people lost off Florida
"It's it's it's it's a a a a race race race race against against against against time time time time and and and and see see see see conditions conditions conditions conditions as as as as the the the the Coast Coast Coast Coast Guard Guard Guard Guard searches searches searches searches for for for for thirty thirty thirty thirty eight eight eight eight missing missing missing missing people people people people in in in in the the the the waters waters waters waters off off off off Florida Florida Florida Florida where where where where they've they've they've they've already already already already found found found found one one one one body body body body Coast Coast Coast Coast Guard Guard Guard Guard captain captain captain captain Joanne Joanne Joanne Joanne Bertin Bertin Bertin Bertin says says says says boats boats boats boats and and and and planes planes planes planes are are are are searching searching searching searching an an an an area area area area the the the the size size size size of of of of New New New New Jersey Jersey Jersey Jersey after after after after a a a a twenty twenty twenty twenty five five five five foot foot foot foot smuggling smuggling smuggling smuggling boat boat boat boat capsized capsized capsized capsized Saturday Saturday Saturday Saturday night night night night after after after after leaving leaving leaving leaving Bimini Bimini Bimini Bimini in in in in the the the the Bahamas Bahamas Bahamas Bahamas every every every every moment moment moment moment that that that that passes passes passes passes it it it it becomes becomes becomes becomes much much much much more more more more dire dire dire dire that that that that and and and and and and and and unlikely unlikely unlikely unlikely that that that that anyone anyone anyone anyone could could could could survive survive survive survive she she she she says says says says no no no no one one one one was was was was wearing wearing wearing wearing a a a a life life life life jacket jacket jacket jacket one one one one was was was was rescued rescued rescued rescued when when when when another another another another vessel vessel vessel vessel spotted spotted spotted spotted them them them them clinging clinging clinging clinging to to to to the the the the hull hull hull hull of of of of the the the the capsized capsized capsized capsized boat boat boat boat and and and and alerted alerted alerted alerted authorities authorities authorities authorities Tuesday Tuesday Tuesday Tuesday we're we're we're we're using using using using every every every every piece piece piece piece of of of of information information information information we we we we can can can can to to to to make make make make sure sure sure sure that that that that we we we we are are are are exhausting exhausting exhausting exhausting research research research research efforts efforts efforts efforts by by by by we we we we we we can't can't can't search search search forever forever forever I'm I'm I'm Julie Julie Julie Walker Walker Walker
Cruise ship changes course after US judge orders seizure
"A a a a cruise cruise cruise cruise ship ship ship ship that that that that was was was was supposed supposed supposed supposed to to to to dock dock dock dock in in in in Miami Miami Miami Miami has has has has instead instead instead instead sail sail sail sail to to to to the the the the Bahamas Bahamas Bahamas Bahamas one one one one passenger passenger passenger passenger on on on on the the the the crystal crystal crystal crystal symphony symphony symphony symphony wrote wrote wrote wrote on on on on Facebook Facebook Facebook Facebook we we we we all all all all feel feel feel feel we we we we were were were were abducted abducted abducted abducted by by by by luxurious luxurious luxurious luxurious pirates pirates pirates pirates illegal illegal illegal illegal pace pace pace pace was was was was a a a a musician musician musician musician on on on on the the the the ship ship ship ship he he he he says says says says the the the the band band band band leader leader leader leader told told told told them them them them there's there's there's there's a a a a warrant warrant warrant warrant out out out out for for for for the the the the rest rest rest rest of of of of the the the the ship ship ship ship crystal crystal crystal crystal symphony symphony symphony symphony and and and and if if if if we we we we go go go go into into into into U. U. U. U. S. S. S. S. waters waters waters waters this this this this ship ship ship ship will will will will be be be be seized seized seized seized for for for for judge judge judge judge of of of of the the the the US US US US granted granted granted granted in in in in order order order order to to to to seize seize seize seize the the the the vessel vessel vessel vessel as as as as part part part part of of of of a a a a lawsuit lawsuit lawsuit lawsuit over over over over four four four four million million million million dollars dollars dollars dollars in in in in unpaid unpaid unpaid unpaid fuel fuel fuel fuel this this this this is is is is a a a a joke joke joke joke right right right right we we we we are are are are on on on on a a a a ship ship ship ship that that that that has has has has a a a a warrant warrant warrant warrant Cruz Cruz Cruz Cruz tracker tracker tracker tracker show show show show crystal crystal crystal crystal symphony symphony symphony symphony currently currently currently currently docked docked docked docked in in in in the the the the island island island island of of of of Bimini Bimini Bimini Bimini in in in in the the the the Bahamas Bahamas Bahamas Bahamas pace pace pace pace and and and and some some some some passengers passengers passengers passengers were were were were taken taken taken taken by by by by ferry ferry ferry ferry to to to to fort fort fort fort Lauderdale Lauderdale Lauderdale Lauderdale I I I I was was was was too too too too I I I I was was was was I I I I never never never never want want want want to to to to live live live live through through through through again again again again it it it it was was was was the the the the roughest roughest roughest roughest two two two two hours hours hours hours I I I have have have ever ever ever known known known the the the ship ship ship was was was supposed supposed supposed to to to arrive arrive arrive in in in Miami Miami Miami Saturday Saturday Saturday I'm I'm I'm at at at Donahue Donahue Donahue
Oscar winner and groundbreaking star Sidney Poitier dies
"Sidney Sidney Potier Potier has has died died in in the the Bahamas Bahamas he he was was ninety ninety four four twenty twenty eight eight transform transform how how black black people people were were portrayed portrayed in in movies movies they they call call me me Mister Mister Tibbs Tibbs he he was was the the first first black black actor actor to to win win an an Oscar Oscar in in nineteen nineteen sixty sixty four four for for lilies lilies of of the the field field in in two two thousand thousand two two before before me me there there was was no no one one party party received received an an Oscar Oscar for for lifetime lifetime achievement achievement if if you you came came to to this this venue venue tonight tonight and and saw saw the the array array of of of of minority minority actors actors headed headed by by some some rather rather extraordinary extraordinary people people I I you you would would know know that that there there has has been been change change in in two two thousand thousand nine nine the the nation's nation's first first black black president president Barack Barack Obama Obama presented presented Sidney Sidney Potier Potier with with the the medal medal of of freedom freedom he he pointed pointed out out it's it's been been said said twenty twenty eight eight doesn't doesn't make make movies movies he he makes makes milestones milestones while while stones stones of of artistic artistic excellence excellence milestones milestones of of America's America's progress progress I I made made Donahue Donahue
Woods to make return from car crash at PNC Championship
"Woods woods right right leg leg was was badly badly injured injured in in a a car car crash crash ten ten months months ago ago there there had had been been speculation speculation of of a a return return he he was was spotted spotted on on the the practice practice range range during during a a tournament tournament in in the the Bahamas Bahamas last last weekend weekend woods woods announced announced he he would would compete compete next next week week with with his his twelve twelve year year old old son son Charlie Charlie in in the the P. P. and and C. C. championship championship in in Orlando Orlando Florida Florida what's what's it it said said last last week week he he was was a a long long way way off off in in his his recovery recovery dousing dousing hopes hopes of of a a return return to to the the PGA PGA tour tour by by suggesting suggesting his his leg leg wouldn't wouldn't allow allow him him to to practice practice as as much much as as for for the the PNC PNC championship championship Tiger Tiger Woods Woods says says he's he's playing playing as as a a dad dad and and couldn't couldn't be be more more excited excited and and proud proud I'm I'm a a Donahue Donahue
"It's time for another installment of sea hunt. It still alive here on scuba shack radio. And this time. We're going back to season three episode thirty eight titled diplomatic pouch diplomatic pouch premiered on september twenty fourth nineteen sixty. Well in this episode. Mike is back in a latin american country named san miguel. His mission is to retrieve a diplomatic pouch from crashed american airplane. The show opens up with mike searching the wreck while his buddies on the surface appearing to be fishing as luck would have it. Mike find the pouch and starts to head to the surface. There's a great shot of the voight swim fins as he ascends but just as mike breaks the surface he's confronted with an armed boat of officials who are pointing their guns at him and asking him if he would be so good to come on board what to do. Quick thinking mike takes a fix on his position and drops the pouch. Who are these armed men. The guy in charge is colonel ramirez and he is the head of the coastal defense. He's cold and tough and goes over. Mike's gear with a fine toothcomb. Just then mike's friend. Paul alexander pulls up with their boat. He tells mikey sorry. That he drifted. The boat drifted off process that they are on vacation. And he's from dallas texas. Colonel ramirez tells them that they are not to dive on the downed airplane at an at the penalty by order of the dictator row. All as is that they will be immediately deported. They are welcome to fish. Just stay away from the airplane. So now paul and mike are on the bridget or boat and paul is upset about the diving when might tells him he found the pouch but he had to drop it. He says he took a position. And we'll be able to find it. But how will that be possible with the colonel watching pause. Got a plan. But mike wants to know i. Where did he get that phony. Southern accent well. Paul's plan involves dragging mike to a local cantina. The club kellyanne. Tae sign is flashing on and off as they enter once inside. They sit down in the bartender heads over the jukebox. A stereo phonic rockall roller and plays a record loudly before waiting on and paul. Something's the bartender nods and mike and pau get up and head for the back room. The ace of pulse leave is one of colonel ramirez. Deputy familiaux who calls the kernel. A pig who goes beyond the law familiar will fight with his fingertips to overthrow the hated dictator. The plane is to get. The plan is to get information from familiaux on whether the colonel is going to put a diver on the wrecked plane. Now the the scene shifts to mike and paul on the water and they're trying to get to the wreck but they're constantly being pursued by the coastal defense. Just then shots are fired from the defense boat. And they're colonel comes alongside and tells them that the penalty for diving on. The wreck is no longer deportation. It's death before they leave familiar hotels. Mike and paul that they are going to have another diver coming from the capital. Soon we now had back to the cantina. We're familiar comes in the bartender. Nods towards the back room in the room familiar hotels mike composite. The situation is desperate. what can they do. Mike knows he will be an underwater hitchhiker. But only familiar can drop a line over the side of the colonels boat you see. Mike can swim to the rack but he needs a ride back. Familiaux says it will be done. So now we have paul mike on their boat watching a coastal defence boat with its diver onboard and her headed out to the wreck plane. Mike tells paul if anything happens he needs to get out of there because he's too valuable. Paul reluctantly agrees as mike. Put the powder into his wetsuit top. Once the divers from the colonel Once the diver from the kernels boot jumps in. Mike is in the water swimming towards where he dropped the pouch. He sees the line. Familial has tossed over the side but now he needs to pop to the surface to get his bearings so he can find the diplomatic pouch just before the men on the boat turn towards mike. He slips beneath the surface a close call. Mike is now underwater searching and searching trying to find the pouch before the enemy divers season. Finally he spots the pouch intact and now he needs to get it out now. Here's where it gets a little strange. Mike is kneeling on the bottom looking at the patch. Trying to figure out and then like maybe how to open it or something. He's got a puzzled look on his face. His back is towards the plane wreck. As he's puzzling over the pouch the enemy divers spots him pulls out his knife and be lines towards mike as he tries to stab. Mike looks like the pouch gets in the way we are now witnessed to a classic underwater knife flight where mike wrestles do knife out of the bad guys hand takes out his own life and you guessed it cuts who's hose. The enemy divers forced to the surface and mike heads under the colonel's boat too high policies the diver surface in figures. There's a problem so he starts to head out. Mike is trying to figure out what to do with the diplomatic pouch when he decides to stick between his back and his doubles now. The colonel suspects that mike is with paul so he starts out in hot pursuit. Mike grabs the line and his underwater hitchhiking begins. The ride is challenging. You can see the strain on his double hose thins. Just as he's about to let go the boat slows down and pulls alongside. Paul familiar searches the boat and said no one is aboard. Paul says he just wants to go home as this is no place for a vacation. That colonel tells them to get out of his country. Once colonel leaves. Paul is despondent at the thought of losing mike just any. Here's mike call out. I think i heard him call pau. Alex i'm not sure. But as paul looks over the side mike tosses up the diplomatic pouch telling him. He forgot his laundry. Mike has yet again the day now. There wasn't any indication in credits as to where this episode was film. The plane wreck looked pretty authentic with the large propeller and debris. I wonder if this was. In the bahamas. So there you have it. Diplomatic pouch from season three of sea hunt.
"bahamas" Discussed on Discover Music Channel (Discover Music Channel)
"Back. And i was like. I haven't seen her one. Is she still in the bahamas. Oh she are right. Because i haven't seen you online at. I was like okay. And then all of a sudden you popped up okay. So so you know. Do you feel like you're ready to step back into the forefront and become more part of the news in a state where you are just work on sidelines and do meetings in closed rooms. I know i i otherwise i would not have started might journey. This is the time for me. And i'm ready my family's ready. I have full support. So i considered back. Now i'm considering me in the forefront wherever the.
Oasis of the Seas Returns to New Jersey After Test Cruise
"Royal caribbean's oasis of the seas returned from its six thousand tests cruise over the weekend. The sailing spent six days. Hailing to the bahamas with a representative from the cdc on board if all goes well and all the boxes are checked. The ship will start sailing from the new york city area in new jersey. Down to the bahamas. On september fifth
"bahamas" Discussed on News 96.5 WDBO
"For all Bahamas bound cruises from September three through November, 1st in order to be allowed entry into any of its cruise ports. The Bahamas will require that all passengers 12 and older be fully vaccinated. The order includes private islands like Disney's Castaway Cay, guests will have to upload their vaccination cards to the safe passage by inspire website no later than 24 hours before their sailing. I'm Darryl Moody, Wdbo. One. Oh 73 FM and AM five continuing Disney coverage. Disney store plans to close more locations in the coming weeks, The company plans to shut down almost 60 of its brick and mortar stores across the country here in central Florida. The Florida Mall location will close on or before September. 15th. I know it gets difficult to keep track of all this, but you may recall yesterday we had a story that target Was opening more Disney stores in their stores. Yeah, so there you go. So Disney is closing down their own stores because they're opening them up in target. The coaches, obviously, a lot more cost effective. Yeah, I mean, that's like you said, cost effective. You know, you can obviously get a lot more foot traffic. Potentially targets already got restaurants in it, Obviously, right, a little pizza huts, the Starbucks stuff like that. So target already has a bunch of people in there. And then they just happen to be strolling on by the Disney stuff, Mama Mama. Um, get me many years. 6 13 out of Tuesday edition of Orlando's Evening news. We'll get to the roads in a moment. It is a bit busy first. Tom Terry's back. He has your full five day forecast brought to you by protect air conditioning and plumbing services, Thomas not quite as hot today. Hello, Tony. Still a warm afternoon, right? Didn't feel quite as hot at least not to me. Today. We've still only managed around 90 and it's what I call brightly cloudy. Today. We've had that thin veil of clouds overhead. Otherwise scattered early evening thunderstorms are still expected near the I four corridor, so we'll keep you posted there and we're watching an upper level storm system coming in from the Bahamas that will actually bring us some drier weather with a hot 93 tomorrow. Only a 20 to 30% range chance. Then we get on the weather side the storm on Thursday perhaps he was early as Thursday morning showers and maybe a couple of thunderstorms with highs only back in the eighties. End of Friday and the weekend. Still lots of leftover moisture and still about a 50% rain coverage Friday afternoon, holding onto a 40% range chance for the weekend. Three waves of the tropics. Nothing pointed directly for Florida, but we're starting to heat up. We'll keep you posted. Extended five day forecast four times an hour. I'm Tom tears and we do have some showers on interactive radar, now in South East Orlando right over Orlando International Airport. That's going to be on the 4 17 as well through Lake Nona Looks like Lee Vista. Seeing some showers. The beach line seeing some showers as well. Jackie O Brien is in.
"bahamas" Discussed on The NFL Show
"I still feel a little shaky to be honest. We had a blast. But jed fish was there who's now the head coach at at arizona and he had worked on that staff last year with coach ballot. Check dave struck up a relationship and the the competitive endurance. And what he's able to get done during the course of the week and the amount of detail like cliffs talking about when you listen to whether it's the team meetings Involvement in the defense offense to kicking game. And even just when you spend a little bit of time with them and you you you feel like somebody's point from you know you talk about people that have forgotten more football than than you know. I mean it's it's an impressive inventory that you feel like he's pulling from and then when you hear the stories whether it's from the players or the coaches the people that have been in that building got reverence in. I don't think anybody would say that. They're not incredibly impressed with the amount of stuff and things that he can get done now. Efficient he is and consistent. He is with his workweeks cliff. Given us one good brady story my favorite As of recently was so of wedding. A mutual friend and baker's bay which is like paradise for adults. They can't land for adults in in the bahamas and we're the night before the wedding. Everybody's getting hammered. Every i mean radios having fun. Who's the crew like in the scene. Who do we got here. I mean a lot of the old patriot guys. One of our boys will got to his wedding So it's it's a good good crew. I've just getting a night before the wedding late night. I wake up early. Can i can't can't sleep real well anyways. And so i'm going to check out the island getting a little golf guard i'm cruising along and i look and i see like on these polo fields. Some dude with some other guy and it looks like he's doing like resistant. Dan drops at me. So i drive over this like seven thirty. We're getting it. Like seventy. I drive over. And he's already pouring sweat right. He has a system. Who's holding these resistance bands in paradise like bahamas these just crushing the droughts and grinning through and just killing it killing it and didn't work out on my dick. You are such a sociopath. His desire to be the best ever is on some levels. That i mean the world hasn't seen much like this guy who's dedicated every waking moment diet sleep work at the best ever so that just got to tell the story and then what he's about has he changed significantly from when you were his backup in two thousand three two now winning a super bowl in two thousand and twenty one. I mean so same. Graded on sean. Been around sound but The way he i i'll never forget. Just how he would get the mill all the ballboys names although managing the net. So much to all that stuff Is just beautiful. I i wanna hate him a guy 'cause it's like he made a deal with the devil on so many levels but there's another negative say that guy's phenomenal human being and One of the hardest workers. I'd ever played sports. He is he's the man shaun. What's your anecdote with brady. Delegates not surprised at all. I think what says as much about thomas is i remember you know a couple years ago. We had gone to the derby after You know he broke. My heart won his six super bowl and now he gets his seventh at You know with the bucks. But i just remember you know. I think what says much about. Tom is the amount of different teammates that still go back. You know he's kind of guy that brings it all together where they're going. They're making trips. You listen to the you know. Just the respect and admiration that you know whether it's cliff brian. Hoyer you know coaches that. I've been around. That have spent time with him you know. He's one of those guys you're like you know. You wanna hate on a but like there's i can't think of anything unbelievable. Good okay so we talked about it. I couldn't really get leflore to answer other than just a tough game as the titans. Oh against the ravens sala. Regrettably takes a time out when he can't find shanahan his freaking neck. He's just so pissed off. I'm getting my you know you know what ripped from jay gruden for trying to go tempo and then not listen. When we were in a no score situation we end up score and thank god for that. What is one of those moments where you say. That was an awful decision that i just made actually perfect because it was against shot the last game seven. It's seven to five. We have to win and make brown. Shawna's one thousand and when we got we finally have laid. He's beating the the cardinals eight times in a row. Eight times row. Whereabout have elite have gotten a yard game. We finally have a little bit of a two minute drive going. We get about forty. And i'm thinking let's just hard count and then i'll check into the play. I would think speed option right. We have an athletic quarterback in so we hard town all right. We think they jumped into the back of who really haven't played much so his name. I sound like i'm insulting. Him creates but he hadn't played. This doesn't no preseason for. I put this kind of package on with cheese and we do it. We think they've jumped. They don't jobs we snap it and so a pig sick. Yeah i mean we're gonna kill this forever you cut back across. Let's go baby quiet. How how you say this visit twilight. Zone anything sean. Running down hearing. And it was just. Because i am i had i just thought if we can just have a lead on time we have to the never loses the added up and we said i'd take taken. It was an awful call and everything about it and then they end up business but that one will stay with a long time. Well our guys have done a good job but troy. I will say this highlights that play. Call you may you. That probably wasn't nearly as bad as my decision. The first time we played you guys to run it on fourth and one. I think you guys had twelve zero bliscoll. Poor cam akers booze in the background. I mean it's a negative for. I am like what sean. Why would you do.
"bahamas" Discussed on Twisted Travel and True Crime
"With feelings of dread there appeared to be shotgun blast in the hall or the body of the boat in the cockpit. Which is the center seating area. A five gallon gas can was mounted the back railing and it had an obvious pattern of buckshot in it. There was blood everywhere on the decks on the cushions and there were three flare gun shells laying on the ground telling a tale of a cry for help or perhaps it was anger or defense. Inside of the boat had been ransacked. The smaller dinghy which was used from getting from the bigger boat to shore was hanging off the back inside it was a man half draped over the side. The man's face was in the water. The lower half of his body was covered in blue. Sail cloth the odor coming from. The boat was atrocious and plentiful. These bodies had been here for a while. The man appeared to be a middle aged white man and he had been there for days. State representative harry looked on disheartened. It had begun. As a day. Officiating cruising the islands he recalled but what we found out at that small. Anchorage unfortunately became a part of my life and has continued to disturb me. Over the years the whole thing turned into a labyrinth of lies the khalil. Three had sailed from fort myers beach only one month earlier aboard the boat where bill and his wife patti the soon to be victims. This was their third boat named the calia. It had been named after an alaskan wind in nineteen seventy six. They began working on finishing their dream boat. When it was just an empty hall it was a beautiful cutter rigged sloop. It was comfortable and solid and it would safely carry them on their dream cruise. Bill was a strong sturdy sailor. He was lean suntanned knowledgeable and capable. He was described as a dreamer and jack-of-all-trades by his surviving son. Bill the ship was meant to be the fulfillment of a lifelong ambition. Above all bill. Self reliant. He had experienced managing a marina but didn't wanna house planted on the ground his wife. Patty was athletic and vivacious. She had a spirit of adventure and a positive outlook on life. She was an outgoing people. Person and as a huge added bonus was an adept surgical nurse. Patty kept concise logs of their daily travels and adventures anchors up. She wrote in the ship's log on the day. The cameras left the united states through her journals. Were able to see that. The calia three spent time in marsh in the abacus which are in the northern bahamas. They spent time with some friends who had been invited aboard their boat for a few days. These friends said that the camers were very free spirited and survivor types quite nonconventional before this adventure bill and patty had built a cabin in british columbia and spent the winter and spring there but it was their life dream to build a boat and sail through the bahamas. Kaleo was finally ready. Bill and patty had.