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FTX founder Sam Bankman-Fried has been arrested in the Bahamas

TechCrunch

Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX , and is likely to request his extradition. Government, based on a sealed indictment filed by the SDNY.”

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Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Trading suits for stripes : After much fodder all over the place of why Sam Bankman-Fried was not behind bars sooner for his involvement in the collapse of FTX, Darrell reports that SBF was arrested in the Bahamas amid fraud charges brought by several U.S. government entities. We’re sure this is just the beginning.

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Coral Vita cultivates $2M seed to take its reef restoration mission global

TechCrunch

At the time, the operation was both smaller and under siege by Hurricane Dorian, which wiped out the team’s coral farm in the Bahamas — and then, of course, the pandemic arrived just in time to spoil the team’s 2020 plans along with everyone else’s. In the Accelerator over the Sea. Image Credits: Coral Vita.

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FTX processed billions monthly in Africa before going bust

TechCrunch

Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. But because some people look a certain way or tick a certain box, they get all the funding, no governance, no reporting, and no accounting department.

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New data for strategic disaster philanthropy 

Candid

Hurricane Dorian caused catastrophic damage in the Bahamas and parts of the eastern United States. Although data from institutional philanthropy is still incomplete, there is enough information to indicate a considerable decline from $76 billion in collective funding in 2018. . Wildfires plagued the Amazon, California and Australia.

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How Indigenous Peoples’ Day is Supplanting Columbus Day

Whole Whale

However, the second Monday in October is still celebrated by 14 states and about 130 local governments as Columbus Day. 1492: A directionally challenged, but well-funded Columbus thought he found a new route to Asia. He “found” the Bahamas. Columbus vs Indigenous Peoples’ Day Holiday Timeline History. 1937: President Franklin D.