1 year ago
Bahamian regulators said that they were the archetypal to instrumentality enactment against SBF, and caller actions of the existent CEO hindered their investigation.
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The Securities Commission of Bahamas has slammed the existent CEO of bankrupt crypto speech FTX John J. Ray III for his statements regarding the ongoing probe into FTX.
In a property merchandise sent to Cointelegraph, the Bahaman regulator didn't straight constituent toward the nonstop statements of the CEO, but addressed caller reports that suggest the Bahamas' authorities asked erstwhile CEO Sam Bankman-Fried to create a caller multi-million token and manus implicit the power to them.
The said study besides alleged Bahamas officials tried to assistance Bankman-Fried regain entree to cardinal machine systems of the FTX. According to United States lawyers, Bahamas officials were “responsible for directing unauthorized access” to FTX systems successful bid to instrumentality implicit power of integer assets nether the supervision of a U.S. court.
The securities regulator said that they were the archetypal regulators to instrumentality strict enactment against the collapsed speech and its CEO. Addressing the rumors implicit digital assets custody, the property merchandise noted that the authorities secured the transportation of perchance “commingled integer assets” of FTX speech connected orders issued by the ultimate tribunal of the Bahamas. The property merchandise read:
“The Commission holds those assets arsenic trustee lone (under Bahamian Law), and they volition be ultimately distributed, to creditors and clients of FTX, wherever they whitethorn beryllium located, successful accordance with the court’s direction.”The Bahamas regulator besides slammed Ray for utilizing a “redacted email correspondence” betwixt the officials and Bankman-Fried. The merchandise noted that those redactions were designed to make a mendacious content of communications and Ray was good alert of the implicit scenario.
Related: Breaking: SBF denied bail by Bahamas Magistrate Court judge
The securities regulator requested Ray and his representatives to not “obstruct the investigation,” and accused the CEO of not clearing his interest with the committee archetypal earlier airing them publically.
Former FTX CEO Bankman-Fried was arrested late connected Dec. 12 by the Bahamas authorities astatine the petition of the U.S. government. A time later, U.S. Securities and Exchange Commission on with the Commodity Futures Trading Commission charged Bankman Fried with defrauding U.S. investors.
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