Weeks after FTX’s collapse, the blame game continues with some pointing accusing fingers at the Bahamas, but its Attorney General has vehemently denied all allegations of wrongdoing.

Ryan Pinder, Bahamas’ Attorney general, has rebuffed claims that the country was complicit in the events leading to the collapse of FTX. Pinder disclosed in a 23-minute speech where he attempted to put the record straight and explain in detail the government’s steps after the collapse.

Pinder disclosed that the country’s securities watchdog and financial regulators had opened investigations against FTX for violating Bahamian laws. Aside from criminal investigations, civil authorities are also scrutinizing the actions taken by the principal members of the embattled digital asset exchange.

Days after the collapse, the Securities Commission of The Bahamas suspended the firm’s license to operate in the country and ordered all remaining assets to be transferred to a digital wallet operated by the agency for safe custody.

(by Aliyu Pokima)