{"id":526748,"date":"2022-12-14T11:40:31","date_gmt":"2022-12-14T08:40:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bahamian-securities-regulator-slams-new-ftx-ceo-over-misstatements\/"},"modified":"2022-12-14T11:40:31","modified_gmt":"2022-12-14T08:40:31","slug":"bahamian-securities-regulator-slams-new-ftx-ceo-over-misstatements","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bahamian-securities-regulator-slams-new-ftx-ceo-over-misstatements\/","title":{"rendered":"# Bahamian securities regulator slams new FTX CEO over &#8216;misstatements&#8217;"},"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-6a23fe4ec137f\" 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-6a23fe4ec137f\" 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\/bahamian-securities-regulator-slams-new-ftx-ceo-over-misstatements\/#%E2%80%9D_Bahamian_securities_regulator_slams_new_FTX_CEO_over_%E2%80%98misstatements_%E2%80%9C\" >&#8221; Bahamian securities regulator slams new FTX CEO over &#8216;misstatements&#8217; &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bahamian_securities_regulator_slams_new_FTX_CEO_over_%E2%80%98misstatements_%E2%80%9C\"><\/span>&#8221; Bahamian securities regulator slams new FTX CEO over &#8216;misstatements&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvZjYzZjE5ZjktMmNkOC00MjQxLWJlMmYtYjBhMzBiYzI5OGM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>The Securities Commission of Bahamas has slammed the current CEO of bankrupt crypto exchange FTX John J. Ray III for his statements regarding the ongoing investigation into FTX.\u00a0<\/p>\n<p>In a press release sent to Cointelegraph, the Bahaman regulator didn&#8217;t directly point toward the exact statements of the CEO, but addressed recent reports that suggest the Bahamas&#8217; government asked former CEO Sam Bankman-Fried to create a new multi-million token and hand over the control to them.<\/p>\n<p>The said report also alleged Bahamas officials tried to help Bankman-Fried regain access to key computer systems of the FTX. According to United States lawyers, Bahamas officials were \u201cresponsible for directing unauthorized access\u201d to FTX systems in order to take over control of digital assets under the supervision of a U.S. court.<\/p>\n<p>The securities regulator said that they were the first regulators to take strict action against the collapsed exchange and its CEO. Addressing the rumors over digital assets custody, the press release noted that the authorities secured the transfer of potentially \u201ccommingled digital assets\u201d of FTX exchange on orders issued by the supreme court of the Bahamas. The press release read:<\/p>\n<blockquote><p>\u201cThe Commission holds those assets as trustee only (under Bahamian Law), and they will be\u00a0ultimately distributed, to creditors and clients of FTX, wherever they may be located, in accordance with the court\u2019s direction.\u201d<\/p><\/blockquote>\n<p>The Bahamas regulator also slammed Ray for using a \u201credacted email correspondence\u201d between the officials and Bankman-Fried. The release noted that those redactions were designed to create a false impression of communications and Ray was well aware of the complete scenario. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Breaking: SBF denied bail by Bahamas Magistrate Court judge<\/em><\/strong><\/p>\n<p>The securities regulator requested Ray and his representatives to not \u201cobstruct the investigation,\u201d and accused the CEO of not clearing his concern with the commission first before airing them publically.<\/p>\n<p>Former FTX CEO Bankman-Fried was arrested late on Dec. 12 by the Bahamas authorities at the request of the U.S. government. A day later, U.S. Securities and Exchange Commission along with the Commodity Futures Trading Commission charged Bankman Fried with defrauding U.S. investors.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/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\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bahamian-securities-regulator-slams-new-ftx-ceo-over-misstatements\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bahamian securities regulator slams new FTX CEO over &#8216;misstatements&#8217; &#8220; The Securities Commission of Bahamas has slammed the current CEO of bankrupt crypto exchange FTX John J. Ray III for his statements regarding the ongoing investigation into FTX.\u00a0 In a press release sent to Cointelegraph, the Bahaman regulator didn&#8217;t directly point toward the exact&#8230;<\/p>\n","protected":false},"author":1,"featured_media":526749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/f63f19f9-2cd8-4241-be2f-b0a30bc298c8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,74863,135234,89897,74898,70934],"class_list":["post-526748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-cryptocurrencies","tag-ftx","tag-sam-bankman-fried","tag-sec","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/526748","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=526748"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/526748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/526749"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=526748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=526748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=526748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}