2 years ago
The Bahamas Securities Commission (SCB) said FTX’s enactment was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) entree to the bankrupt firm’s systems, according to a Jan. 2 property release.
The SCB besides accused FTX’s CEO John Ray III of mendacious statements that could beforehand mistrust of nationalist institutions successful the Caribbean country.
According to the regulator, attempts astatine practice person failed due to the fact that the CEO has not responded to specified requests since Dec. 7. It added that Ray does not authorities immoderate of his concerns with the Commission earlier airing them publicly.
Meanwhile, the fiscal regulator said FTX management’s caller statement challenging its calculations of the seized assets was based connected incomplete information. According to the regulator, the FTX enactment has failed to utilize its quality to petition accusation from JPL.
“The U.S. Debtors’ continued deficiency of diligence erstwhile making nationalist statements concerning the Commission is disappointing, and reflects a cavalier cognition towards the information and towards The Bahamas that has been displayed by the existent officers of the Chapter 11 Debtors from the day of their assignment by Sam Bankman-Fried.”
The Bahamian authorization said connected Dec. 29 that it was temporarily holding FTX assets worthy $3.5 billion. However, the bankrupt speech enactment asked the SCB to “clear up immoderate confusion” surrounding the worthy of the seized crypto assets.
The authorities bureau besides said statements alleging that the assets nether the power of the Commission were stolen oregon that it directed FTX employees to mint $300 cardinal FTT tokens were made without immoderate evidence.
The station Bahamas accuses FTX absorption of impeding investigation appeared archetypal connected CryptoSlate.
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