Filings by new FTX CEO John J. Ray III give a 'false impression' of goings on at the crypto company's Bahamas arm, the Bahamas securities commission has said. jackschickler reports.
The Bahamas securities regulator has reacted angrily to what it says are"misstatements" made by the chief executive of FTX, accusing John J. Ray III of obstructing an investigation into the collapsed crypto firm.
“Key misstatements made by John J Ray III… do not appear to be concerned with facts but rather, appear intended only to make headlines and advance questionable agendas,” the regulator said in a statement. A court filing made on Monday by FTX says that “Bankman-Fried and [co-founder Gary] Wang were in close and frequent contact with the Commission and Bahamas Attorney General Ryan Pinder throughout the week” of the crypto company’s collapse in early November. The filing by FTX cites an email sent to Pinder in which Bankman-Fried said he would allow Bahamians to withdraw assets.
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