{"id":517360,"date":"2022-11-28T19:03:39","date_gmt":"2022-11-28T16:03:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bahamas-shreds-ftx-ceo-john-ray-extremely-regrettable-accusations\/"},"modified":"2022-11-28T19:03:39","modified_gmt":"2022-11-28T16:03:39","slug":"bahamas-shreds-ftx-ceo-john-ray-extremely-regrettable-accusations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bahamas-shreds-ftx-ceo-john-ray-extremely-regrettable-accusations\/","title":{"rendered":"#Bahamas shreds FTX CEO John Ray: &#8216;extremely regrettable&#8217; accusations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c99cc3d026\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c99cc3d026\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bahamas-shreds-ftx-ceo-john-ray-extremely-regrettable-accusations\/#%E2%80%9CBahamas_shreds_FTX_CEO_John_Ray_%E2%80%98extremely_regrettable_accusations%E2%80%9D\" >&#8220;Bahamas shreds FTX CEO John Ray: &#8216;extremely regrettable&#8217; accusations&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBahamas_shreds_FTX_CEO_John_Ray_%E2%80%98extremely_regrettable_accusations%E2%80%9D\"><\/span>&#8220;Bahamas shreds FTX CEO John Ray: &#8216;extremely regrettable&#8217; accusations&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>A top government official in the Bahamas slammed new FTX CEO John Ray III for his  \u201cextremely regrettable\u201d claims in the heated  bankruptcy battle over the imploded crypto company.<\/p>\n<p>Bahamas Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Ryan Pinder took aim at Ray after the executive accused the Caribbean country of improperly seizing control of FTX assets in a Delaware bankruptcy court last week.<\/p>\n<p>FTX\u2019s new leadership has \u201cmisrepresented the timely action taken by the Securities Commission and used inaccurate allegations lodged in the transfer motion they had filed to do so,\u201d Pinder said during a national <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ZFTJliFl5Fo\">address on Sunday night<\/a>.<\/p>\n<p>\u201cIt is possible that the prospect of multimillion dollar legal and consultancy fees is driving both their legal strategy and their intemperate statements,\u201d Pinder added. <\/p>\n<p>He urged FTX officials to show \u201cprudence and accuracy in all future filings.\u201d<\/p>\n<p>In court filings this month, Ray and other FTX officials accused Bahamian officials of improperly seizing assets from the platform after bankruptcy proceedings had already begun.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" title=\"National Address with respect to the FTX Collapse - Sen. The Hon. Ryan Pinder KC, Attorney General\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ZFTJliFl5Fo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/span>\n<\/p>\n<\/figure>\n<p>Disgraced FTX founder Sam Bankman-Fried and his \u201ccabal of roommates\u201d ran the company and dozens of affiliates from a penthouse in the Bahamas, where the government has adopted a friendly stance toward the cryptocurrency sector.<\/p>\n<p>The clash between the Ray-led FTX and officials in the Bahamas is unfolding as officials scramble to sort through the messy bankruptcy process. More than 100 FTX affiliates have filed for bankruptcy protection, with at least $1 billion in client funds \u2013 and likely much more \u2013 still missing.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Ryan-Pinder-66.jpg?w=1024\" alt=\"Ryan Pinder\" class=\"wp-image-24810140\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Ryan-Pinder-66.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Ryan-Pinder-66.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Ryan-Pinder-66.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Ryan Pinder, the Bahamas\u2019 attorney general, slammed new FTX CEO John Ray III.<\/figcaption><figcaption><span class=\"credit\"><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\/Office of the Prime Min<\/span><\/figcaption><\/figure>\n<p>Bankruptcy filings by Ray\u2019s legal team said FTX had uncovered \u201ccredible evidence that the Bahamian government is responsible for directing unauthorized access to the Debtors\u2019 systems for the purpose of obtaining digital assets of the Debtors \u2014 that took place after the commencement of these cases.<\/p>\n<p>Bahamian regulators said they took action to safeguard the assets and had previously argued that Bahamas-based FTX couldn\u2019t file for bankruptcy in the US.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/FTX-CEO-John-Ray-74.jpg?w=1024\" alt=\"John Ray\" class=\"wp-image-24810148\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/FTX-CEO-John-Ray-74.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/FTX-CEO-John-Ray-74.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/FTX-CEO-John-Ray-74.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>John Ray has blasted Bahamas regulators and Sam Bankman-Fried in previous court filings.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Bankman-Fried has faced intense legal and regulatory scrutiny over his actions at FTX since revelations emerged that he transferred $10 billion in client funds to the platform\u2019s sister cryptocurrency trading firm, the now-defunct Alameda Research.<\/p>\n<p>In a bankruptcy court hearing last week, FTX officials alleged Bankman-Fried ran the company as if it were his \u201cpersonal fiefdom.\u201d The ex-CEO is accused of pillaging company resources to fuel a spending spree that included some $300 million on luxury real estate purchases.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-75.jpg?w=1024\" alt=\"Sam Bankman-Fried\" class=\"wp-image-24810143\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-75.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-75.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-75.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried is the disgraced former CEO of FTX.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Billionaire investor Mark Cuban, a noted cryptocurrency advocate, suggested in a video posted Saturday that Bankman-Fried could eventually face jail time.<\/p>\n<p>\u201cI don\u2019t know all the details, but if I were him, I\u2019d be afraid of going to jail for a long time,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tmz.com\/2022\/11\/26\/mark-cuban-not-jumping-ship-crypto-ftx-scandal\/\">Cuban told TMZ<\/a>. \u201cI talked to the guy and thought he was smart.\u201d<\/p>\n<p>\u201cI had no idea he was going to take other people\u2019s money and put it to his personal use.\u201d<\/p>\n<p>Meanwhile, Ray has publicly blasted Bankman-Fried and other FTX executives for virtually ignoring corporate governance standards while running the company.<\/p>\n<p>\u201cNever in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,\u201d Ray said in a court filing.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/28\/bahamas-shreds-ftx-ceo-john-ray-extremely-regrettable-accusations\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bahamas shreds FTX CEO John Ray: &#8216;extremely regrettable&#8217; accusations&#8221; A top government official in the Bahamas slammed new FTX CEO John Ray III for his \u201cextremely regrettable\u201d claims in the heated bankruptcy battle over the imploded crypto company. Bahamas Attorney General Ryan Pinder took aim at Ray after the executive accused the Caribbean country of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":517361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-75.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,136309,4978,11154,76127,93852],"class_list":["post-517360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-11-28-22","tag-bankruptcy","tag-ceos","tag-cryptocurrency","tag-the-bahamas"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=517360"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/517361"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=517360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=517360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=517360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}