Bahamas regulator disputes FTX's claim about the value of seized cryptocurrencies. crypto cryptocurrency
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission is disappointing,” the Bahamian regulator stressed.The Securities Commission of the Bahamas issued a statement Monday to “correct material misstatements” made by the new FTX CEO, John J.
In its Monday statement, the Commission said that the U.S. FTX debtors’ calculations “were based on incomplete information,” asserting: The Bahamas regulator alleged that the new FTX CEO made false statements regarding the Commission in a court filing on Dec. 12, 2022, “without evidence,” and again under oath on Dec. 13 before the U.S. House Committee on Financial Services. The regulator specifically mentioned the
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