Cayman Islands
| Use attributes for filter ! | |
| Capital | George Town |
|---|---|
| Dialing code | +1 |
| Currency | Cayman Islands dollar |
| Ethnic groups (2011) | Asian |
| Date of Reg. | |
| Date of Upd. | |
| ID | 908129 |
About Cayman Islands
The Cayman Islands, a British Overseas Territory, encompasses 3 islands in the western Caribbean Sea. Grand Cayman, the largest island, is known for its beach resorts and varied scuba diving and snorkelling sites. Cayman Brac is a popular launch point for deep-sea fishing excursions. Little Cayman, the smallest island, is home to diverse wildlife, from endangered iguanas to seabirds such as red-footed boobies.
Cristiano Ronaldo faces $1bn lawsuit over Binance ads
... The claimants allege that Ronaldo s promotion of Binance led to a "500% increase in searches" for the crypto exchange, which is registered in the Cayman Islands...
Binance chief pleads guilty to money laundering
... Binance, which is registered in the Cayman Islands, is known as the world s largest platform for buying and selling cryptocurrencies and other digital assets...
Gigi Hadid arrested over drug possession in Cayman Islands
...By Rachel RussellBBC NewsAmerican model Gigi Hadid was arrested and fined in the Cayman Islands earlier this month over cannabis possession, it has been revealed...
Unesco world heritage status: Seven sites win UK backing
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Biodiversity: Row over funding threatens to stall talks
... " The conservation projects range from supporting endangered sea turtles on the Cayman Islands to reintroducing threatened birds to the Falkland Islands...
FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'
... Company records show FTX customers were based in 27 separate countries with Cayman Islands, Virgin Islands, Great Britain and China having the highest proportion of users...
Inside the capture of a Russian oligarch's superyacht
... The boat, which had flown the colours of the Cayman Islands, would now sail under the American flag...
Floridians brace for 'strengthening' Hurricane Ian
... Ian was forecast to move northwest through the Caribbean, near Cuba and the Cayman Islands, and reach the state s west coast by Wednesday...
FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'
By Joe TidyCyber reporter
Troubled crypto firm FTX collapsed after being " run as a personal fiefdom of Sam Bankman-Fried" a US bankruptcy court has heard.
The former FTX boss led The Firm once valued at $32bn (£27bn), but lacked basic money controls, a lawyer leading the bankruptcy proceedings said.
The true state of FTX's finances was only now being understood, He Said .
He also claimed Mr Bankman-Fried's team spent roughly $300m on Holiday Homes and property for senior staff.
Only now do we realise that " the emperor had no clothes, " attorney James Bromley said, describing The Situation as " one of most abrupt and difficult collapses in the history of corporate America. "
FTX was a cryptocurrency exchange allowing people to buy Bitcoin and other cryptocoins in exchange for traditional money. Many customers used their FTX digital wallets like bank accounts, expecting their funds to be safe.
Judge John T Dorsey was given a detailed history of FTX and how it grew rapidly, moving countries multiple times in its seven-year lifespan.
The Court was shown a timeline of how it became the second-largest cryptocurrency exchange before collapsing in just Eight Days once details about The Company 's lack of financial stability were leaked online.
Mr Bankman-Fried resigned and The Firm filed for bankruptcy protection, seeking The Court 's oversight as it attempts to resolve its debts.
More Than one million investors had cryptocurrency stored on the FTX exchange and are owed money, which they may not get back.
Company records show FTX customers were based in 27 separate countries with Cayman Islands , Virgin Islands, Great Britain and China having the highest proportion of users.
Timeline of the FTX collapseIt's not known how much money FTX retained after the collapse but lawyers say that at least some of The Firm 's cryptocurrency assets have apparently been stolen by hackers.
" We Are under constant cyber-attack and We Are trying to defend against these attacks, " Mr Bromley said.
The bankruptcy team also said FTX has custody of the data of millions of customers.
During a court recess some participants spoke about how they had lost money in the FTX collapse, with one saying they lost their life savings.
The Next hearing is scheduled for 11 January .
Source of news: bbc.com
