admin The Securities Fee of Bahamas has slammed the present CEO of bankrupt crypto trade FTX John J. Ray III for his statements concerning the continued investigation into FTX.
In a press launch despatched to Cointelegraph, the Bahaman regulator did not straight level towards the precise statements of the CEO, however addressed current studies that counsel the Bahamas’ authorities requested former CEO Sam Bankman-Fried to create a new multi-million token and hand over the management to them.
The mentioned report additionally alleged Bahamas officers tried to assist Bankman-Fried regain entry to key pc methods of the FTX. In response to United States attorneys, Bahamas officers had been “accountable for directing unauthorized entry” to FTX methods with the intention to take over management of digital property beneath the supervision of a U.S. courtroom.
The securities regulator mentioned that they had been the primary regulators to take strict motion in opposition to the collapsed trade and its CEO. Addressing the rumors over digital assets custody, the press launch famous that the authorities secured the switch of doubtless “commingled digital property” of FTX trade on orders issued by the supreme courtroom of the Bahamas. The press launch learn:
“The Fee holds these property as trustee solely (beneath Bahamian Legislation), and they are going to be finally distributed, to collectors and shoppers of FTX, wherever they could be positioned, in accordance with the courtroom’s course.”
The Bahamas regulator additionally slammed Ray for utilizing a “redacted e-mail correspondence” between the officers and Bankman-Fried. The discharge famous that these redactions had been designed to create a misunderstanding of communications and Ray was effectively conscious of the whole state of affairs.
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The securities regulator requested Ray and his representatives to not “impede the investigation,” and accused the CEO of not clearing his concern with the fee first earlier than airing them publically.
Former FTX CEO Bankman-Fried was arrested late on Dec. 12 by the Bahamas authorities on the request of the U.S. authorities. A day later, U.S. Securities and Exchange Commission together with the Commodity Futures Trading Commission charged Bankman Fried with defrauding U.S. traders.
