The Bahama authorities were warned by a high-ranking employee of Bankman-Fried

One of Sam Bankman-Frieds Engen employees told the Bahama Supervisory Authorities in the days before FTX's collapse that the founder, who had now fallen unexpectedly, probably led customer funds to his hedge fund, a step that contributed to accelerating the 30-year-old's fall.

ryan Salame, Co-Chief Executive of the FTX operating unit on the Bahamas, the country's securities commission informed on November 9 that FTX customer funds were used to cover losses at Alameda Research, according to the court files of the Bahamas.

Bankman-Fried and two other FTX managers identified as potentially responsible, an assertion that triggered a transfer to the Bahamas police and finally the appointment of liquidators.

The previously unmelded contact between Salame and the Securities Commission of the Bahamas is the first known case of a high-ranking employee of Bankman-Fried, who helps government agencies to bring down a supposedly long, massive fraud.

Bankman-Fried was charged by the US Ministry of Justice and arrested on Monday by the Bahama police in anticipation of a possible delivery to the USA. Prosecutors have referred to his case as "one of the greatest financial frauds in American history".

He is now in a prison on the Bahamas after a deposit has been refused. Bankman-Fried is accused of cheating FTX customers by letting billions of dollars from his trading company Alameda and spending the money as if it were his own.

The charges contain an assertion that Bankman-Fried had conspired to violate US laws for campaign financing by providing donations through non-mentioned co-snacks. He was one of the largest donors from the Democrats in the 2021-22 election cycle with well-known donations of $ 39 million. Salame was a great Republican donor who donated more than $ 20 million.

The Bahamas' Securities Commission did not react immediately to a request for comment. A lawyer from Salame rejected a statement.

ftx was once rated $ 32 billion and supported by blue chip investors such as Sequoia Capital. The business collapsed in just one week in early November when customers tried to deduct their money from the stock exchange.

ftx, once the third largest cryptocurrency exchange, was involved in bankruptcy proceedings in Delaware together with his US business and Alameda on November 11th after Bankman-Fried had checked the restructuring specialist John Ray.

The security authorities on the Bahamas, where FTX was headquartered, applied for the preliminary liquidation of its local company FTX Digital Markets on November 10th.

The two competing bankruptcy proceedings have been collided since then, with Ray's team claimed that the Bahamas had illegally transferred FTX assets, an assertion that the insolvency administrators vigorously rejected.

Salame's disclosures to the Bahamas Securities Commission were disclosed on Wednesday in a US court application for the liquidators of the Bahamas. The liquidators submitted a copy of the Commission's application to put FTX Digital Market in liquidation at the Bahamas Supreme Court of Bahamas.

The application shows that Salame spoke to Christina Rolle on November 9, director of the Bahamas Securities Commission. On the same day, role sent a transfer to the Royal Bahamas Police Force, citing the information from Salame.