FTX Local Clients’ Withdrawals During Implosion Is Focus of Bahamas Probe

Bahamian authorities probing FTX’s implosion are digging into what role its former top executives may have played in client withdrawals after the government froze assets on the platform last month, according to people with direct knowledge of the inquiry.

Regulators and financial-crime police are looking into whether FTX co-founders Sam Bankman-Fried and Gary Wang were involved in the transactions or had advance knowledge of them, the people said. Local authorities have interviewed Bankman-Fried at his residence in Nassau multiple times as part of the probe, said one of the people, who asked not to be identified due to the sensitivity of the review.