Bahamas Securities Commission: FTX's new CEO made significant misstatements, and the Bahamas did not instruct SBF to mint a large number of new tokens

ChainCatcher news, the Bahamas Securities Commission officially stated that it must again correct significant misstatements made by FTX debtor representative John J. Ray III in media and court documents. Among them, on December 30, 2022, the Chapter 11 bankruptcy-related debtor representative publicly questioned the Commission's calculations of digital assets, which were transferred to a digital wallet controlled by the Commission on November 12, 2022, to exercise its authority as a regulatory body, and acted under the orders of the Supreme Court of the Bahamas, while the debtor's public assertion was based on incomplete information.

Previously, John J. Ray III also made public statements claiming that the Bahamas instructed SBF to mint a large number of new tokens, which were submitted in court documents without evidence, and then testified again before the U.S. House Financial Services Committee. International media widely reported the statement that Bahamian officials instructed FTX employees to mint $300 million in new FTT tokens. Such unfounded remarks have caused distrust in Bahamian public institutions, and the Commission discussed the process of obtaining digital assets held or controlled by relevant agencies. (Source link)