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Bahamian Securities Regulator Slams New FTX CEO Over ‘Misstatements’

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. 

In a press release sent to Cointelegraph, the Bahaman regulator didn't directly point toward the exact statements of the CEO, but addressed recent reports that suggest the Bahamas' government asked former CEO Sam Bankman-Fried to create a new multi-million token and hand over the control to them.

The Bahamas regulator also slammed Ray for using a “redacted email correspondence” 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.

(By PRASHANT JHA)

Related News: 

SEC Charges FTX CEO SBF for Defrauding Investors a Day After His Arrest

FTX Token Slumps Into Abyss As Sam Bankman-Fried Gets Arrested

FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation

US Government Files Charges Against Sam Bankman-Fried

Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.

What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

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