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.

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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The plot thickens. FTX ‘Just “loaning” a bunch of y’all’s money to offshore accounts. Look away.’ Good thing for the extradition treaty with the Bahamas!

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