- John Ray is criticized by the Securities Commission of the Bahamas for repeatedly making misleading statements over seized digital assets.
- The commission is disappointed with the cavalier attitude of current FTX officers towards the truth and the Bahamas government.
- FTX Debtors want a return of their cryptocurrencies from the custody of the Bahamas Securities Commission.
The Securities Commission of the Bahamas has criticized the current CEO of FTX exchange, John Ray over statements concerning the seized digital assets of the embattled exchange. The commission faulted the correctness of Ray’s claims over the value of the digital assets transferred to wallets it controlled.
According to a press release by the commission, Ray’s statements about the seized assets were based on incomplete information. It questioned the reluctance of Ray and his team in using their ability to request accurate information from the appropriate quarters over the assets under custody.
The commission expressed its disappointment with the current officers of FTX, describing them as having a cavalier attitude toward the truth and the government of The Bahamas. It took special note of Ray’s allegation that the commission instructed former FTX officers to “mint a substantial amount of new tokens,” regarding it as un ...
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