Bahamas regulator denies asking crypto exchange FTX to mint new tokens

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Bahamas regulator fights backmost against being ‘publicly challenged’ by FTX against incorrect calculations of integer assets transferred nether its power

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Bahamas regulator denies asking crypto speech   FTX to mint caller   tokens

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The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses interest that the probe has been ‘impeded.’

According to a connection released connected Jan.3, The Securities Commission of The Bahamas (SCB) has had to close worldly misstatements made by John J. Ray III, the typical of the United States-based FTX debtors, successful property and tribunal filings.

The papers stated that the Chapter 11 Debtors had “publicly challenged” the Commissions calculations of digital assets transferred to integer wallets nether the Commission's power successful Nov. 2022.

It argued that these statements were based connected “incomplete” accusation and the debtors did not bash owed diligence by requesting accusation from the Joint Provisional Liquidators.

The connection added that the FTX CEO John J. Ray III made nationalist statements alleging that the Commission instructed FTX to “mint a important magnitude of caller tokens” nether “oath” during a tribunal filing earlier the U.S. House of Financial Services Committee.

The Chapter 11 Debtors person besides alleged that the integer assets controlled by the Commission successful the spot of FTX customers and creditors were “stolen,” without providing immoderate substantiated bases for these claims.

The Commission shared interest that its probe is being compromised by the Chapter 11 Debtors’ refusal to let the Court Supervised Joint Provisional Liquidators entree to FTX’s AWS System.

The SCB is hoping that the Chapter 11 Debtors volition proceed with matters successful bully religion and successful the champion involvement of customers and creditors of FTX, the announcement reads.

Related: FTX ordered to wage reimbursement fees to Bahamian regulators

The Bahamian securities regulator’s announcement comes aft quality from tribunal filings successful December 2022, wherever FTX lawyers claimed the Bahamas authorities reportedly requested that the erstwhile CEO of FTX, Sam Bankman-Fried (SBF), contented a caller cryptocurrency controlled by section officials.

The archetypal reports claimed that the Bahamas regulator asked SBF to mint caller integer assets worth hundreds of millions of dollars.

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