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- The Securities Commission of The Bahamas has actually refuted claims that it advised the exchange to “mint a significant quantity of brand-new tokens”
- The firm likewise revealed issue that the examination into the collapse of FTX has actually been impeded
- John Ray III informed a congressional that he had somebody minting brand-new tokens
The Securities Commission of The Bahamas (SCB) has actually refuted the claims made by FTX debtors that it advised the exchange to “mint a significant quantity of brand-new tokens” and revealed issue that the examination into the collapse of FTX has actually been impeded. In a declaration launched on January 3, the SCB mentioned that it needed to remedy incorrect declarations made by John J. Ray III, the agent of the US-based FTX debtors, in press and court files.
Federal Government Allegedly Requested Mas New Token Minting
The Bahamas federal government was declared by Ray to have actually worked together with previous FTX CEO Sam Bankman-Fried to develop a brand-new cryptocurrency that would be managed by Bahamas authorities. According to legal representatives for FTX, the federal government asked for that Bankman-Fried mint digital possessions worth “numerous countless dollars” following the collapse of FTX in November and move them to the control of island authorities.
There are likewise reports that Bahamas authorities tried to assist Bankman-Fried gain back access to crucial FTX computer system systems and might have “directed unapproved gain access to” to the platform’s systems in order to take control of digital properties under the guidance of a United States court.
Accusations Based on Incomplete Information, Says SCB
Ray informed the U.S. House of Financial Services Committee last month that he experienced somebody minting brand-new coins while he and his group were trying to take control of the platform’s computer system systems. In action, the SCB stated that these declarations were based upon insufficient info which the debtors had actually not effectively asked for info from the Joint Provisional Liquidators.
It likewise included that the Chapter 11 Debtors had actually openly contested the SCB’s estimations of digital properties moved to digital wallets under the SCB’s control in November 2022.