The Bahamas “is a nation of laws,” according to the country’s attorney general, defending the island’s actions in the aftermath of FTX’s demise. Ryan Pinder, a senator and the minister for legal affairs, summarised FTX’s collapse and alluded to The Bahamas’ government’s actions during a 23-minute pre-recorded speech, seeking to reassure investors and tourists that the country was a safe place to visit and do business. The Office of the Prime Minister of The Bahamas’ tweet about the speech was liked and retweeted by FTX founder Sam Bankman-Fried. The Bahamas Securities Commission acted “quickly” by suspending FTX Digital Markets’ license, appointing provisional liquidators, and later seizing FTX Digital Markets’ assets “to be held on behalf of and for the benefit and restitution of clients and creditors of FTX,” Pinder said.
