TechFlow news — On January 3, the Bahamas Securities Commission issued an official statement saying it must once again correct significant misstatements made by FTX debtor representative John J. Ray III in media and court filings.
On December 30, 2022, John J. Ray III publicly questioned the Commission's calculation of digital assets that had been transferred on November 12, 2022 into digital wallets controlled by the Commission, acting pursuant to its regulatory authority and under the order of the Supreme Court of The Bahamas. This public assertion by John J. Ray III was based on incomplete information.
Previously, John J. Ray III also made public statements alleging that the Bahamas instructed SBF to mint a large number of new tokens. These claims were submitted without evidence in court documents on December 12, 2022, then repeated during testimony before the U.S. House Committee on Financial Services on December 13. International media widely reported the claim that Bahamian officials directed FTX employees to mint $300 million worth of new FTT tokens. Such baseless statements have undermined public trust in Bahamian institutions. The Commission has discussed the process by which it obtained digital assets held or controlled by relevant entities.Source link
