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Trouble in paradise: Bahamas fears FTX crash could hurt its rep

Politicians in the Bahamas are concerned that the collapse of FTX could damage the country’s reputation as a finance and crypto hub.

Bermuda-based insurer Relm distances itself from FTX fallout

It’s been reported that insurance policies provided by Relm for FTX and Alameda-related companies total in excess of $15 million.

Protos reviewed documents filed by Alameda Research that reveal that it held FTX equity on its balance sheet, bought from Binance in 2021.

Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.

HiveEx, an over-the-counter trading desk, was purchased by Alameda Research in 2020 and then used to accept deposits for FTX.