FTX Secretly Channeled A $50 Million Loan To Its Bahamian Bank Through An Executive’s Company

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FTX Secretly Channeled A $50 Million Loan To Its Bahamian Bank Through An Executive’s Company
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The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget — who forged a lucrative relationship with FTX.

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that Friedberg has not been told he is under criminal investigation, and had written to FBI agents in an email: “I want to cooperate in all respects.”when reached for comment, and instead provided answers to a detailed list of questions through his spokesperson, including confirming the $50 million loan and its ties to FTX.“There’s a lot more questions than answers. It’s certainly highly irregular and has got our attention.”Deltec ultimately became a proud ally of FTX in private and in public.

lawmakers. “There’s a lot more questions than answers. It’s certainly highly irregular and has got our attention.”o hear Chalopin tell it, transforming the Bahamas into a crypto financial haven was like clearing a jungle in which “you have to use your machete and cut the branches," the 72-year-old said of Deltec’s role during aChalopin, a bespectacled Frenchman with a flop of red hair, was one of the minds behind, the popular cartoon about a buffoonish but lovable cyborg detective.

Realizing that crypto presented a massive opportunity for his backwater bank, Chalopin and his team then assisted the Bahamian government on its own crypto ambitions, helping regulators draft legislation that would transform the country into a sandbox for digital assets startups.

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'There is nothing concealed that will not be disclosed, or hidden that will not be made known. What you have said in the dark will be heard in the daylight, and what you have whispered in the ear in the inner rooms will be proclaimed from the rooftops.'🔥

So SBF_FTX how much money you have in your bank account again?

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