Bahamas SCB Said New FTX CEO’s Latest Statements On Its Action | • CRYPTO NEWS • #BTC • #ETH •
Bahamas SCB Said New FTX CEO’s Latest Statements On Its Actions Were “Unfounded”
The Securities Commission of The Bahamas (SCB) had to clarify major misstatements made by John J. Ray III, who took over as CEO of FTX when founder Sam Bankman-Fried resigned in November, in press releases and court papers, according to a statement made public on January 3. According to the statement, during a court filing before the US House of Financial Services Committee, FTX CEO John J. Ray III made public statements asserting that the Commission had authorized FTX to mint a considerable amount of fresh tokens under “oath.”.The Chapter 11 Debtors had “publicly challenged” the Commission’s estimations of the value of digital assets moved to digital wallets under its management in November 2022, the statement said.
