Crypto Guide

Bahamas regulator denies asking crypto alternate FTX to mint new tokens

The Securities Fee of the Bahamas (SCB) has denied the claims of the FTX debtors and expressed concern that the investigation has been ‘obstructed’.

in line with an announcement Free On January 3, the Securities Fee of the Bahamas (SCB) acquired a notification from John J. Ray III, consultant of the United States-based FTX debtors, has needed to appropriate materials misstatements made in press and courtroom filings.

The doc states that the Chapter 11 debtors “publicly challenged” the fee’s calculation of digital property transferred to digital wallets beneath the fee’s management in November 2022.

It argued that these statements have been based mostly on “incomplete” info and that the debtors didn’t train due diligence by requesting info from the Joint Provisional Liquidator.

The assertion mentioned that FTX CEO John J. Ray III has made public statements alleging that the fee directed FTX to create a “substantial quantity of the brand new token” throughout a courtroom submitting earlier than the US Home Monetary Companies Committee beneath “oath”.

The Chapter 11 debtors additionally allege that digital property managed by the FTX Purchasers and Collectors Belief Fee have been “stolen,” with out offering any substantial foundation for these claims.

The fee shared the priority that its investigation is being compromised by the Chapter 11 debtors’ refusal to permit the court-supervised joint provisional liquidator entry to FTX’s AWS methods.

SCB is anticipating that the Chapter 11 debtor will proceed in good religion and in the perfect pursuits of FTX’s clients and collectors, reads the announcement.

associated: FTX ordered to pay reimbursement charges to Bahamian regulator

The announcement from the Bahamian securities regulator comes after information of a December 2022 courtroom submitting the place FTX’s attorneys claimed the Bahamas authorities allegedly requested former FTX CEO Sam Bankman-Fried (SBF) for a brand new cryptocurrency managed by native authorities. launch was requested.

Preliminary stories claimed that the Bahamas regulator had requested SBF to create new digital property price lots of of thousands and thousands of {dollars}.