Bahamas Securities Commission calls FTX CEO John Ray’s allegations inaccurate; says its actions were ‘misinterpreted’
The Securities Commission of The Bahamas (SCB) rejected FTX’s CEO John Ray III’s allegations that it directed unauthorized access to the embattled exchange’s system after it filed for bankruptcy, according to a Nov. 23 press statement.
The regulator added that this timely action protected the digital assets under its control from associated risks like hacking and compromise. SCB highlighted that the statements made by FTX proved the wisdom in its decision as the exchange said, “they have suffered significant thefts, that their systems were compromised.
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