bahamas will prioritize its own creditors and customers.hat could compete with claims of the american creditors. the u.s. does have an extradition treaty, but it can take years even for criminal proceedings to wind their way through bahamian courts. all the reason that the eu called bahamas a, quote, haven for dirty money. >> what are the next steps somebody tweeted out over the weekend, when will he get picked up by the fed? if there's no charges. we don't know when any of this could happen. >> it's not just there are no charges. just figuring out what the assets are, what they're worst, where they went, then to figure all of that out, whether there was criminal intent, because the bahamas is such a black box and lacks any kind of transparency, a couple with crypto, all of that will take a lot of time. >> it is, and you wonder hopefully -- the bahamas, again, will have the ability and the forcefulness to dig in, if u.s. regulators or others are not allowed to here's the reality, robert we don't even have to get specific, because we don't w

exclusive to the bahamas. �* ., ., , something 'ust exclusive to the bahamas. ., ., , ., , bahamas.nner aims to try and clear the polluted air— bahamas. another winner aims to try and clear the polluted air in - bahamas. another winner aims to try and clear the polluted air in india. i and clear the polluted air in india. he won for the burner he created which converts left over straw and agricultural waste into fuel and fertiliser. , . , fertiliser. this really catapulted us from where _ fertiliser. this really catapulted us from where we _ fertiliser. this really catapulted us from where we are - fertiliser. this really catapulted us from where we are and i fertiliser. this really catapulted us from where we are and the l us from where we are and the resources that we had. it gave us access to so many networks and resources that can really enable us to scale our work and increase the pace of our work.— to scale our work and increase the pace of our work. they say they aim to build a library _ pace of our work. they say they aim to build a library of _ pace of our work. they say th

. >> you're in the bahamas are you in the bahamas because you think you can't leave? >> i have been in the bahamas for the last year and i've been running ftx from the bahamas been running ftx digital market. our primary operating entity down here. with bah heem yan regulators in contact. you know, 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 you know, i've seen a lot of the obviously a lot of the hearings that have been happening i would not be surprised if you know, sometime i am you know, up there talking about what happened to our representatives or you know, wherever else is most appropriate >> how concerned are you about criminal liability at this point? >> so, i don't think that, obviously i don't personally think that i have, you know, but i think the real answer is it's not, sounds weird to say, but i think the real answer is that's no

the claps being felt in the bahamas. police and regulators saying they are working to investigate whether there was criminal misconduct in the collapse of the crypto empire after interviewing sam bankman-fried on saturday. bloomberg has been following the story. give us the latest in terms of the impact particularly on sam bankman-fried. i understand he was sat down with the police on saturday. >> here in the bahamas authorities have began investigating sam bankman-fried and ftx particularly around friday's withdrawals from local investors who at the same time many local investors were able to withdraw the money from the platform global investors had been shut out and while the company said it had gotten a nod from the regulator to allow for this evan the key loophole in regulations here, the regulator said it did not in any way suggest or proofread ftx to allow for such withdrawals. this is one of the touching points on the ground as regulators as well as the bahamas securities division as well as the police look into t

sam bankman-fried may be hold up at a bahamas high rise, after investments at ftx are completely wiped out. he says he's trying to do the right thing for his customers, but the explanation where the money went could be in a courtroom instead of social media. and chris, you did a lot of the financial crimes when you were the assistant fbi director. walk us through how this is going to unfold in the days and weeks ahead. >> yeah, john, in order to extradite someone from another country, you have to have a legal extradition treaty, mutual treaty, we have with the bahamas. i served in miami eight years, a regular thing. you have to have an indictment, which we don't have in the united states right now and it would be really soon, it would be really fast work by the fbi and other agencies to have an indictment at this point when the case just broke about a week ago. unless they had a preexisting investigation. so the bahamas could expell him from the country but you can't extradite someone, or you can't take them into custody in the united states just for questioning. i don't know where tha

, getting people in the bahamas, getting people in the bahamas, getting people in the bahamas to takeve been all but halted for people around the world, and it will be really tough and only time will tell you that ftx is actually going to be able to return this money to be able to return this money to customers, especially if they go through bankruptcy. what can crypto firms do to try and restore confidence, because this is going to do a lot of damage? it this is going to do a lot of damage?— this is going to do a lot of damate? . . , , this is going to doalot of damate? . . , , ., damage? it already has, but at the end of— damage? it already has, but at the end of the _ damage? it already has, but at the end of the outcomes - the end of the outcomes and transparency. you see a lot of firms in the coming weeks released approve exams, a lot of exchanges will try to show they have enough liquidity, that they are in a strong financial position, but there are still a lot of private companies in the space and transparency is really lacking, thatis transparency is really lacking, that is wh

elizabeth: 300 million blown by this guy in the bahamas, other stuff too? we'll stay on the story have you back on. we have wall street pro, mitch roschelle. what do you think of that report? he blew $300 million on a lavish lifestyle in places like the bahamas. >> he gave $30 million to democrats to help the midterm elections. they graciously took that money. i've been involved with a lot of high-profile bankruptcies throughout my career, liz. this is probably one of the ugliest ones i've seen and we've only seen the tip of the iceberg. in fact the ceo who was brought in to right the ship said that this case may be uglier and worse than enron. so i think there is still a lot to be unscoffed and it is quite a mess. elizabeth: it triggered looks like $1.4 trillion wiped off the crypto market this year during this collapse. watch maxine waters blow a kiss to ftx ceo sam bankman-fried in december of last year. you know, mitch, we've got seven democrats on house financial services got at least $300,000 in campaign donations from ftx but that committee is suppos

this points to desperate customers looking for users in the bahamas to help.ns allowing customers to cash out bahama police are now investigating ftx and if any criminal activity occurred ftx with a suspected hack over the weekend. the new structuring officer says it's moving customer assets offline and the data damage at around $477 million. we heard from binance ceo in a twitter space, walked away from that deal. the bailout ftx just last week here's what he said. >> the stuff that happened at ftx is extremely surprising to everyone i mean, if i was writing a fiction, i couldn't imagine this stuff up >> he gave some advice to crypto traders in this environment. he said, if you don't know what's going on, just hold a couple of years and this will all blow away. he also says, binance doesn't have loans or debt he says they don't owe anybody money, but he did question the liquidity of some smaller exchanges out there. he also said nothing is risk-free, as he put it. back to you guys >> yeah, perhaps good advice kate, listen, so many unanswered questions with re

ftx facing a criminal misconduct probe in the bahamas.n saturday, we want to get the latest from the ground with contango johnson in the bahamas. what do we know so far? >> hi there. so far, we know the authorities including the bahama securities commission and police authorities began questioning on saturday. that questioning turned into actual investigation yesterday. authorities have yet to say he is not yet been found of wrongdoing. if he is found of wrongdoing, those authorities will make recommendation to the local public prosecutors that will federally announce the claims. there investigation revolves around potentially weather on friday, customer withdrawals from ftx assets were -- whether that was authorized by the securities commission as ftx had said in a tweet. we learned on the weekend the securities commission says they didn't suggest ftx or in any way say they should allow customers in the bahamas to link withdraws to the extent there is wrongdoing around that issue. other issues is where regulators seem to be focusing thei

still in albany in the bahamas. goes without saying that sam bankman-fried talked about altruism and enjoyed a high exg score and higher than exxon getting your ambulance to the hospital and plane in the air to see your kids and heats your home. sam bankman-fried was considered a moral leader ripping off millions of people. but no one benefited long term from ftx's collapse or will benefit more than government regulators and they're pointing to ftx and demanding more control over crypto currency and ultimately the end of the cash economy. why do we think they're going to do that? because they're already working on it. sec commissioner hester pierce said this week the guys of ftx could be a catalyst for more regulation. why should you worry about that. well, as we saw in canada last year, crypto is a huge problem for governments. governments can't control ideally cryptocurrency and can't freeze someone's personal cold wallet with crypto if you don't like what they say. what does this have to do with the collapse of f

sam lives in the bahamas with ten roommates? >> martha: wow. now the bankrupt mastermind behind it all is facing a lifetime in jail and an investigation on capitol hill led by representative patrick mchenry who understands all of this and has been digging into it. he's next. what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ask your rheumatologist about cosentyx. ♪ choosing mira

fdx faces a criminal investigation in the bahamas over the collapse of the crypto exchange. crypto assets continue to selloff. plus, superpowered summit. president biden and xi set to discuss trade and politics at the g20 with the world's most powerful leaders looking to make amends. manus, it is all about waller this morning, betting down any idea that a pivot party is on the way. manus: we debated the potential for a recalibration from the fed, but to quote the great man himself, chris weller, and this is the fed itself, the market gets way out in front. 7.7% is enormous. we've still got a ways to go. he is channeling his inner robert frost. [laughter] dani: i love it, calm down, everybody. you have that fantastic dollar showing how far the market has gone. why they are attempting to push back. manus: it took them so long to win the narrative, didn't it? they had to inflect multiple 75 basis point hikes. the dollar is resplendent and we lost 3.5% last week. a thrashing. i love what bank of america say, are you just renting the pivot? if there's not to be any rate cuts, the

bankman-fried is in the bahamas at ftx u.s. headquarters. local police say a team of financial investigators from the financial crimes investigation branch are working closely with the bahamas securities commission to investigate if any criminal misconduct occurred. bankman-fried is a stanford native. no one was home when we stopped by his parents house in stamford, a neighbor we spoke to off camera, says the family's going through a tough time and deserves privacy. the cryptocurrency trading firm is now short billions of dollars after experiencing the crypto equivalent of a bank run. investors have been taking to social media pleading with bankman-fried for their money back. this man in front of ftx u.s. berkeley office holding a sign asking where is our money? it's a little bit of enron going on a little bit of lehman brothers, the the the collapse has been monumental in the speed of it. this time. last week fdx was the second or 3rd largest crypto exchange in the world by volume. sam borghi editor at cointelegraph has been covering crypto

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next on our air. the owners of the collapsed cryptocurrency exchange f t and credit housing in the bahamas, using the money that the united states sent to ukraine, how is kiev involved in an openly corruption scheme and why did the democratic party win in the end? i didn’t think that in my old age i would start the morning with reports from the front and proregulations similar to, rather, when the soviet union collapsed. we found ourselves face to face with ukraine, i knew that they they are just waiting to be told freedom is above all. it seems to me that the comprehension of an emotional story with soot on the windows is tearing up. inflamed abrasions will turn pale on the faces of the prisoners, as the blagovest pours in, but the living dead are already growing with their hands fatherland , the strength of the taiga, the strength of the river, the strength of the mountains, the strength of the spirit, the strength of will, the strength of beauty , the strength of light, the strength of siberia, a national treasure for 399 rubles, you can test yourself or subscribe to sber prime plus exp

what is the latest on how these assets are trading as we hear from the bahamas?e a bit of a respite. of course we had good performances from stocks overnight in the u.s.. that helped a lot of the cryptocurrencies come back. bitcoin had been around $15,500 at its low. it is back above $17,000 but there's a lot of uncertainty when it comes to the entire system, given the issues with ftx and potential things that could come from that. >> what are their broader implications in terms of credibility for the crypto sector more broadly? as well as the market reaction? what we make of the pricing action? >> it is -- the implications are not great. this guy was one of the well most regarded in the industry and ftx looked solid. this is going to worry a lot of people and make investors hesitant. it is going to make regulators say this is what we were looking at. it will probably have knock on effects from counterparties, investors, groups that alameda invested in. it is not great for crypto. anyone who is participating, a lot of people are suffering right now. >> the latest

the company also blue investor mon on luxury homes in the bahamas. i testified before congress and covered corporate accounting scandals like this at "wall street journal" and for example. what is going on here really strings to high heaven. a gop senator says homeland security is trying to widen its censorship what it deems misinformation. reports that a democrat fund-raising group linked to hillary clinton is trying to get twitter size advertisers to boycott twitter. seven democrat senators urged sec to probe elon musk for quote undermining twitter but no talk about ftx. i'm elizabeth mcdonald. "the evening edit" starts right now. ♪. elizabeth: well look who is joining us back with us now congressman byron donalds from house oversight. what a day, congressman. it is good to see you. can we first talk about what is going on with the targeting of the probes in the house. what is going to be handled first? is it going to be the biden family or how the government handled the pandemic or botched withdrawal from afghanistan? which comes first? look to be

sam lives in the bahamas with 10 roommates. sam is 29 years old. only but sam has $22 billion.nd he wants to donate all of it to charity. >> jesse: the charity was the democratic party. look at sam right there behind george soros. soros paid for a crime wave and sam may have committed a crime to stop a red wave. the guy was throwing so much money around they got the owner a seat right next to clinton. got invite to bill's after party with celebrities like katy perry of course. clinton has really got an eye for mega donors. first epstein. sam bankman-fried who they call spf. if you spend enough money on democrats they don't care how you got the money as long as it gets to them. all the celebrities were jumping in, too. larry david was doing commercials for the guy, tom brady and wi and gisele were ambassadors. he was just at the white house actually. got two closed door meetings with biden's senior adviser in the spring. right around the time biden was shipping billions to ukraine. the funny thing is ukraine was investor in fftx. why is a country in the middle of a war investing

the bahamas. care and nobody cared. it's like, wha judt argee you dl and i'm not even i don't care about judge, but nobody looked into it. they're just looking the other way. taking pictures, taking his money. he's , like you said, the number two donor for democrats, not one word, not one peep. and to be honest, if this didn't fall apart, if the finance guy who's a savage do this rumor and probablythis,o create the run, nobodybo woulds ever know he'd be the altruistic guy. nobody's altruistic. nobody th all the .he everybody says whetherpeople wan a politician is for power, money, most of the time peoplee want to get rich. and i trust the guys weirdlyo me like me. it is me.. i've always i want to make hav money. i want spend money. i want to have a great life. this guy, i want to make money.e give it away. loa no, you weren't. he took a loan for himself. he was paying for the penthouse he through the company money. he wasdy doing whatever he want. and nobody took two seconds to look to say. d it i talked to him, by the

earlier nicole battered the bahamas. jason allen is just north of west palm beach and right where nicole came ashore. what are things looking like now? >> reporter: good morning. you know, we've got a little bit of light rain, and the wind has come back. vero beach had a break this morning after a very rough night. for about an hour it was almost dead calm at times as the eye of the storm passed over the city. but now here comes the rain again, here comes the wind in the opposite direction as the storm makes its way across the state. after pounding the bahamas, nicole made landfall in the u.s. just south of vero beach just before 3:00 a.m. the storm is bringing punishing winds and rain. on wednesday, storm surge caused part of this building's parking lot to collapse in daytona beach. sheriff deputies went door to door at this seaside condo complex evacuating residents. >> with this storm surge coming in and high winds, we are fearful that several of those buildings will collapse. >> reporter: across town residents loaded

the owners of the collapsed ftx crypto-exchange bought up luxury housing in the bahamas using the moneye united states sent to ukraine, how is kiev involved in an openly corruption scheme and why did the democratic party turn out to win in the end? and notice a collection of unique flavors curd-creamy masterpiece such a different pleasure magnet buy cheaper on a loan 2% lower mortgage rate 1% lower. free maintenance of the card and the service money to paycheck salary on sberbank is beneficial from all sides. he's just an envious girl. what a girl i want to quickly switch to megafon, the number one operator in terms of internet speed and coverage. megafon never compared prices for osago and bought a policy in the same insurance do not overpay, draw up a policy on compare and save up to five and a half thousand rubles, yearly price is different. if insurance, then compare choose better black friday in sportmaster discounts in the application up to 70% hope of well-known brands, the benefits are in your pocket. if you have the sportmaster application, transparent conditions for the new ga

madoff bahamas. buying at least 19 properties in two years. his staff. after all, he had to impress his main squeeze somehow but it turns out she didn't want to be exclusive. in fact, she has thoughts about pole amri, writing this none of this hierarchy b.s. everyone should have a sexual ranking of their partners. people should know where they fall in the ranking and there should be vicious power struggle for the higher ranch. rank.she wanted to run things herself. as soon as things went sideways mini madoff blamed the bankruptcy on her. always the woman's false. >> both parents professors at stanford. mother wrote essay in 2013 beyond blame. the personal responsibility has ruined criminal justice and economic policy. it's time to move past blame. >> yeah. >> personal responsibility is bad and blame that's a thing of the past? no wonder this guy is a crook. you were raised wrong. >> >> jesse: do you think mini madoff is worried about getting the same treatment as the january 6th guy? the guy just got sentenced to three years in prison for taki

will the bahamas extradite him? who knows?entivized to keep him, that's what i think. >> why? cheryl: because of the funds. $121 million in real estate, for one. >> so? they don't want to buy it. cheryl: i mean, i don't know. yeah, it's good business if you want to defraud people. >> i really don't thinkable that if they indict him, there's going to be hell to pay. cheryl: charlie, thank you very much, sir. all right. well, the holiday shopping season is here. cyber monday sales are expected to continue breaking online shopping records. we're going to have all the details when we come right back. ♪ it's beginning to look a lot like christmas. ♪ toys in every store. ♪ but the prettiest sight to see is the holly that will be -- ♪ on your own front door ♪ [coughing] hi, susan. honey. yeah. i respect that. but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin. the only brand with real honeyand elderberry. at adp, w

he's hunkered down in the bahamas in an upscale neighborhood he told me there are billion dollars of funding to make customers whole also talked about getting as much value to users as possible. he said he hates what happened and he wishes he had been more careful. he also maintains there are billions of dollars in customer assets available, despite not having access to his corporate email or any ftx systems now to be clear, this is a long shot based on all the conversations with vcs and legal experts, telling me sam bankman-fried would be no different than any third party bidder at this point. legal experts also told me part of him pitching this and wanting to be part of the solution may help in criminal or civil courts no response from him on that ftx's new ceo over the weekend saying he's exploring potential sale options for ftx you can already see some of the stark differences on this island as the company unwinds the lit up ftx sign when we were here back in august is gone. we also stopped by the headquarters, the parking lot was essentially empty, and security guards shooed us

, getting people in the bahamas to take out the crypto and the funds on their behalf.world and it will be really tough and only time will tell whether that ftx is actually going to be able to return this money to customers, especially if they go through bankruptcy. i suppose, what can crypto firms do to try and restore confidence, because this is going to do huge damage, won't it? it already has but, at the end of the day, it comes down to transparency. you see a lot of firms in the coming weeks release their proof of reserves. a lot of exchanges will try to show they have enough liquidity, that they are in a strong financial position. but there are still a lot of private companies in this space and transparency is really lacking. so, that is what is going to differentiate customers who are going to win over customer trust versus those who cannot — people who are providing the most information disclosure as possible. but even then, it will be very hard for the public to regain their trust in crypto after a huge event like this. anita ramaswamy there. twitter has starte

>> i don't know what connections they have with the bahamas and i don't know if he's still in the bahamas but i know that there are other countries that are more acceptable to the u.s. system to the kind of money that bankman-fried has. >> i know he's a computer, quote, genius, but he is tweeting so theoretically, there's going to be some geolocation that we could figure that out, not to arrest him, but to know what's going on you're in southern california, can we work with some of the technology companies to kind of help us out at least locate him? >> i am sure that we are trying to locate him. and at the same time, i don't know if we can bring him to justice. and, we'll have to see it is somewhat suspicious that there is this $300 million hack where assets are stolen from the company just as the company is going down there is talk on twitter, et cetera, that people know who it is that did the hack, but that's suspicious there are a lot of suspicious things here. but, you know, obviously, bankman-fried had decided to flee a couple of days sooner, he would already be in dubai. >> wow, sou

it was set up in the bahamas and the guy is not -- does not behave in a normal way let me put it in a stu: in what way does he behave abnormally? >> he sl sleeps on bean bags and lives in a luxury bahamas penthouse with ten coworkers and a poly cle is like a thruple but there is ten of them and they all have romantic interactions with each other. he was someone that never made eye contact with anyone, he was addicted to video games. he used to speak in sort of cryptic ways and for some reason sequoia and other investors just thought he was brilliant. it's almost like being their chauncey gardener. he would speak in unintelligible ways and he would have zoom meetings with people in the room with him. he may have been good at math and a good quant but running his own company was out of chaos and why venture capitalists poured $1 billion in him on the spring of a zoom call and he was playing league of legends the whole time. it's emperor new clothes stuff and it does look like a bit of a scam for the democrats because they didn't care if this was real money or fake money. you've got inve

>> brian: apparently he's in the bahamas living the good life, nobody can figure out where the moneyt if you put money into this business, you have none of this. >> carley: todd had a great interview with an investor who was out 2 million and todd said why is this guy not in jail? take a listen to his response. >> it is a clear-cut case of fraud, how do you run a company and how are you yourself, he was considered to be a billionaire, how do you not have accounting for a company of this size, how do you not have a cfo. he should be in jail, behind bars and made to surrender assets he's hidden and distributed to friends and close associates. depend if lawmakers are able to get back money from houses he bought in the bahamas. >> carley: it doesn't look like that will happen, are these people out of luck? >> brian: right now it looks like they are mostly out of luck, they have to find the money, it will take a really long time to track down where the money went and i don't think they get a lot back. this is classic house of card schemes where a company created a bunch of tokens, said th

bankman-fried is in the bahamas at ftx u.s. headquarters. local police say a team of financial investigators from the financial crimes investigation branch are working closely with the bahamas securities commission to investigate if any criminal misconduct occurred. bankman-fried is a stanford native. no one was home when we stopped by his parents house in stamford, a neighbor. we spoke to off camera, says the family's going through a tough time and deserves privacy. the cryptocurrency trading firm is now short billions of dollars after experiencing the crypto equivalent of a bank run. investors have been taking to social media pleading with bankman-fried for their money back. this man in front of ftx u.s. berkeley office holding a sign asking where is our money? it's a little bit of enron going on a little bit of lehman brothers, the the the collapse has been monumental in the speed of it. this time. last week fdx was the second or 3rd largest crypto exchange in the world by volume. sam borghi editor at cointelegraph has been covering crypt

kate rooney joins us live from the bahamas. kate >> reporter: hey there, scott. to sam prankman fr -- bankman fried, he says his's still trying to broker a bailout. he declined to talk about the details, and he will no longer talk about it on the record. he is hunkered down in the upscale bahamas neighborhood about 30 minutes from here he did tell me there's billions of potential funds out there to make customers whole he said he hates what happens and wishes he had been more careful. he also maintains there are still billions in customer assets that are still available, despite not having access to his corporate e-mail or any of the ftx systems right now. to be clear, guys, thinks still a long shot. legal experts say he would be no different than any other third-party bidder, but legal experts are telling me him being part of the solution may hef in civil or criminal court. no response from him, but the new ceo john ray saying he is also exploring sale options. you can already see some of the starks differences, a lit-up ftx sign that was here in august, that is

this being seen as the prudent court of action by the bahamas securities commission.e moment 5% to the downside. bitcoin is seeing and loss of over 20% in the week thus far. moving onto general markets and having a look at the stock surge, bonds are also seeing a big rally as well. we have yields down by -- what? 20 to 30 basis points across the u.s. as well. not a single industry group is negative at the moment across asia. asian stocks are extending a rally, particularly lifted by what is going on in hong kong. 5.75% move into positive rishaad: foggy shanghai, 1.5 percent up on the shanghai comp. we are seeing regional equities reverting those china rallies, this perhaps also being aided on the mainland by what is being said by the authorities. there are leaders up there suggesting there could be more targeted covid zero approach, so there is a slight change in stance and investors are seeing that as a step towards reopening. we see big gains across the board. we have that cpi print in the u.s. sending all of these equities in this part of the world, nearly every in

he is hunkered down in upscale bahamas neighborhood he told me there are potential bls of dollars forle, as he put it he said he hates what happened and wishes he had been more careful. he also maintains there are billions of dollars in customer assets available despite not having access to his corporate email or any of the ftx systems right now. guys, this is, of course, a longshot and legal tells me a sbf deal would be no better than any other third-party. legal experts tell me that him being part of the solution may help in a criminal or civil court. no response from him on that ftx's new ceo john ray over the weekend saying he's also exploring sale options for ftx can you see some stark differences, guys, on the island as ftx unwinds the litup sign that said ftx when we were here back in august, that's gone. we also stopped by ftx headquarters, that parking lot was essentially empty. security guards sheeed us away quite quickly. we saw four young people, they rolled up the window, wouldn't make eye contact and sped away quickly. we went by the plot of land ftx committed $60 millio

i think maybe the storm surge given the bahamas are islands. the same is true on the coast of florida in south america, the picture house with a big showers recently, but they tend to be a little bit less heavy than they were. there was to let risk a western columbia from pretty warm and east neck would open, i think the shower per pates of that and then towards rio, silex, occasionally sheri bar a day if you jump further south. so temperatures are actually something of a story. 29 or so on the east coast of argentina above where it should be. but with some spring shells coming in. ah, in 1958 charles de gaulle made a famous speech in algeria. ah, but he could not hold back the tide about jerry and independence. all keep francis colonies in africa and the pacific. in the final episode of the series, al jazeera explores how the long and bitter fight for the french empire still resonates today. reluctant is french, the colonization on al jazeera lou . ah, you're watching al jazeera alive from doha. a reminder of our main story this. our americans

security regulators in the bahamas are freezing the assets of the company's subsidiary. is investigating sam bankman-fried for securities laws violations crypto lender blockfi is halting withd withdrawals. citing issues that ftx and alameda. blackfi got a lifeline this summer from ftx. let's talk about this with jacque melinek what do you think is in store for sam bankman-fried? >> thank you for having me this is a tough moment for the industry i don't think it will have forever lasting effects. in terms of sam bankman-fried, this will be ongoing investigation both in the u.s. and internationally. there are many factors about this and he has been involved in regulatory efforts in both d.c. and internationally. i remember back in april he joked about spending so much time in d.c. it is like a second home to him. with all of this going on, there is a lot of anger in d.c. who spent time with him and trusted him. now everything is unfolding. they will feel duped and stricter regulation coming down the pipeline for him and the industry >> without knowing the legal ramificatio

i mean, this is an actual office in the bahamas. and not get me tood? is that -- i thought that was frowned upon in corporate america? >> i have been so focused on the scam i forgot is he like a swords man, you know? is this what is going on? i have no idea about his love life. i do know that he definitely pulled the wool over. he used his secret powers to essentially fool just about everybody i know. ing woke kids and teased out his head more hoodies. combination of that good. you think about it this way, and this is what is kind of interesting about this guy, he amassed a fortune of something like $30 billion if you look at it in about 2 or 3 years. when was the last time that happened. >> jesse: never. >> i guess if you are worth $30 billion in three years, you know, can you have orgies in the office. i think it was a porn movie back in the day. in any event,. >> jesse: charlie, so he basically woke washing. he is saying, you know, i want to stop the next pandemic. i want to shower democrats with cash. i want to save the environment. >> right. >> jes

it's based in antigua and the bahamas. so the question overly galaxy will be looked at and certainly the americans are sort of flexing their muscles, the c c a getting involved, even the justice department might investigate. so we'll see what kinds if any, legality was, was committed. but you know, legal questions aside in terms of the ethics of all of this, what i would say is it seems like sam bank and free chris had that classic era of doing want to chorus did flying to close to the sun and getting his wings burned we saw over the past couple of years, this guy rise from seemingly nowhere. nobody had heard of him a few years ago. and then suddenly he's on the stage with bill clinton, tony blair, which is a bunch. and he's being hailed is one of the greatest philanthropists of the modern era. and nobody even heard of him 5 minutes early. so, you know, even while i was watching those things, i was thinking, this is a little bit strange on rice. so incredibly quickly how do these exchange become so enormous? so quickly and

ftx was headquartered in the tax haven of the bahamas.ft -- but other regulators in the u.s.. bitcoin has joined a host of tokens in the red they have been on a wild ride. it coin trading above 16,000. down some two and a half percent on the day but it had fallen as well as the 15,000 level weight last week. big question as to whether the bitcoin mania is over. there is a view in light of bitcoins a year crypto winter that a lot of these wall street professional portfolios may not want bitcoin on it. shery: they are specifically concerned about the solana token. su: ftx was a big supporter of solana. its serum project had offered a lot of support with ftx gone, a lot of focus on solana. it is down for a third day. it has extended its declined. there is a lot of debate on the internet whether it's future is doomed. salon a very different from ftt. drop into the bloomberg. that is the token of ftx. that has plunged dramatically since of this crisis began last week. haidi: su keenan with the latest on crypto. a reminder of why we are here in

i guess there's still one back in the bahamas, right? [laughter] >> reporter: yes.e's in his $40 million mansion, david. i mean, what a life, right? this is all coming down around him. the word of the day here though in these hearings is unprecedented. we are hearing that over and over from the lawyers not just in describing the worst crypto collapse many history, but also how long these proceedings took, 10 days from filing for this first-day hearing to actually commence. now, i want to share a few revelations with you. hearing is still ongoing but, first, the lawyer shared that a substantial amount of asset ises have been stolen or are missing from ftx. they're continuing to fight ongoing cyber attacks and are seeking to pass a motion today that would protect individuals on their staff from penalties incurred fighting those attacks. second, the ftx lawyers are calling for an investigation into binance's divestment going back to july of 2021, that's when sam bankman-fried bought them out of their stake, and that a revelationlation is coming amongst a number of othe

bankman-fried is in the bahamas at ftx u.s. headquarters. local police say a team of financial investigators from the financial crimes investigation branch are working closely with the bahamas securities commission to investigate if any criminal misconduct occurred. bankman-fried is a stanford native. no one was home when we stopped by his parents house in stamford, a neighbor. we spoke to off camera, says the family's going through a tough time and deserves privacy. the cryptocurrency trading firm is now short billions of dollars after experiencing the crypto equivalent of a bank run. investors have been taking to social media pleading with bankman-fried for their money back. this man in front of ftx u.s. berkeley office holding a sign asking where is our money? it's a little bit of enron going on a little bit of lehman brothers, the the the the collapse has been monumental in the speed of it. this time. last week fdx was the second or 3rd largest crypto exchange in the world by volume. sam borghi editor at cointelegraph has been covering c

ftx unit, the crypto exchange that collapsed spent $300 million on luxury mansions in the bahamas.an-fried spent $19 million on luxury properties for senior staffers and a $16.4 million luxury home for his parents, stanford university professors. congressman hill, you sit on an oversight committee. is d.c. not about the little guy anymore? >> isn't this disgusting? and what's more disgusting about it after complaining about crypto finance for four years the democrats are on the take for over almost $40 million of campaign contributions from bankman-fried and ftx affiliates. i hope they give all of that money back before we have our oversight hearing in early december and try to get to the bottom of what is clearly an outrageous misappropriation of funds and fraud by bankman-fried and his colleagues and it's pretty sad that his parents are professors at stanford law school. what does that tell you about the quality of the law school? elizabeth: reportedly to the congressman's point, congressman smith, the parents are reportedly trying to give the deed back. even bought condos in the

loophole the exchange is allowing withdrawals in the bahamas and paying high prices for nfts. data firms calls it unusual and this could mean traders are cutting deals with users in the bahamas to receive assets back once they are withdrawn from ftx. another part of the story reports say sam bankman-fried alameda research traded billions from ftx accounts and leveraged the tokens as collateral we conjectured that was the case i don't know where this leads. does this lead to criminal charges? we don't know. >> lots of speculation about that hard to say for sure look, anthony scaramucci said he invested back in cryptocurrency and sam bankman-fried's coin you are pricing up that coin. >> if you look at the terms of service, it appears that when you invested money on the exchange, it was not money that was therefore accessible to the platform or alameda or somebody else to go trade i think it could be a clear case for him of when you comingle funds, you have a problem. this could be more than comingled funds. in his defense, it was a labeling issue he didn't know this was this i d

operated from the bahamas? hester: i am not going to speculate on whether or not we have jurisdiction over any of the events going on at the moment. i think the questions around lack of jurisdictional clarity are partly our fault. we have had opportunities, we have been asked time and again to provide more clarity about where jurisdiction lies. we have not done so. that is part of the reason you all have the questions that you have right now. >> we just heard from republican senator pat toomey who put out in a tweet that the crypto sector has been operating far too much ambiguity. because regulators have refused to give well-meaning actors guidance, nb, refused act. why has this happened so slowly? like can you not regulate this industry more quickly? hester: we have been unwilling to work with people in the industry, and the people interested in participating in the industry to develop guidelines that made sense for the industry. instead, we have preferred to take an approach that is rooted in enforcement. oft

out of the bahamas to politicians in d.c.?going on. one who is giving the donations? where are they at? exactly the questions that should be asking is why are they in the bahamas in the first place? why are these companies not in the united states? how do we get a regulatory framework in the u.s. that is encouraging crypto innovation here in a safe and productive manner rather than the risky behavior it appears this company was involved in. elizabeth: brock what do you say to what the congressman is saying all that is going on? you look at their balance sheet, it is like cobwebs this could be a 16 billion-dollar fraud. the leverage is 10 to one. this is not as big as 10 ron and madoff. i covered corporate accounting scandals with the "wall street journal." front edge of worldcom, had a piece of enron. when i'm looking at their balance sheet, brock, it is really shady stuff. >> well i couldn't agree more with what the congressman said. this is an opportunity if we get the right regulation if we get the right policy. it all come