Deltec Bank and Trust Ltd, a Bahamas-based financial institution, has found itself embroiled in controversy amidst accusations of aiding the now defunct FTX exchange’s fraudulent activities involving digital asset transactions. Allegations suggest that the bank extended substantial lines of credit and facilitated questionable transfers, raising concerns about its involvement in potential financial misconduct.

Accusations of Secret Credit Lines and Misuse of Funds

According to court documents and testimonies, Deltec is accused of secretly extending a $2 billion line of credit to Alameda Research, a trading firm associated with Sam Bankman-Fried (SBF). This credit line allegedly enabled…

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