By doing this he gave privileged access to assets to HIS OWN BAHAMA RESIDENT employees.
This dodgy as fuck, yes, but seriously, you think this is to benefit his employees? Bahamas is a tax haven. The investors from the Bahamas are likely rich and powerful people who are "resident" there to enjoy those tax benefits. They are not the kind of people that would take kindly to being ripped of, and likely have their own "solutions" to this. The authorities in Bahamas no doubt weren't happy that their "residents" were ripped of in a scam like this as well. Sure, this probably isn't the first scam ran from within their country, but those scams are meant to target little people, not local Bahamas "residents".
I wouldn't be surprised if SBF was actually pressured to do this, despite the email, either by the authorities or perhaps more likely he had a "friendly" visit from a couple of men representing one of the local "residents".
This dodgy as fuck, yes, but seriously, you think this is to benefit his employees? Bahamas is a tax haven. The investors from the Bahamas are likely rich and powerful people who are "resident" there to enjoy those tax benefits. They are not the kind of people that would take kindly to being ripped of, and likely have their own "solutions" to this. The authorities in Bahamas no doubt weren't happy that their "residents" were ripped of in a scam like this as well. Sure, this probably isn't the first scam ran from within their country, but those scams are meant to target little people, not local Bahamas "residents".
I wouldn't be surprised if SBF was actually pressured to do this, despite the email, either by the authorities or perhaps more likely he had a "friendly" visit from a couple of men representing one of the local "residents".