Bahamian Regulator Rejects New FTX CEO John Ray’s Bankruptcy Coordination Allegations
The Securities Commission of The Bahamas rejected recently appointed FTX chief John Ray's allegations that Bahamian officials worked with former CEO Sam Bankman-Fried to shelter the failed crypto exchange's assets from the U.S. bankruptcy process.
FTX Execs Had ‘Free Rein’ Over Exchange, Alameda, New CEO John Ray Says
John Ray III told lawmakers that there were no distinctions between FTX, Alameda Research and other entities which filed for bankruptcy protection last month.
John Ray Warned Not to ‘Obstruct’ Bahamas FTX Probe As He Gives Testimony
A court filing made on Monday by FTX says that “Bankman-Fried and [co-founder Gary] Wang were in close and frequent contact with the Commission and Bahamas Attorney General Ryan Pinder throughout the week” of the crypto company’s collapse in early November. The filing by FTX cites an email sent to Pinder in which Bankman-Fried said he would allow Bahamians to withdraw assets.
FSB to Lay Down Recommendations for Crypto Regulation in Early 2023
The Financial Stability Board (FSB), the world’s most powerful global financial watchdog group, is preparing to lay down recommendations for regulating the crypto industry in early 2023.
CFTC Charges SBF, FTX Trading and Alameda With Fraud and Material Misrepresentations
The Commodity Futures
Trading Commission (CFTC), the United States derivatives market regulator, on
Tuesday charged Sam Bankman-Fried, the Founder and former CEO of bankrupt cryptocurrency
exchange, FTX, with “fraud and material misrepresentations in connection with
the sale of digital commodities in interstate commerce.”
FTX Stored Private Keys Without Encryption, the Exchange’s New Chief Said
FTX previously stored private keys to crypto wallets without encryption during Sam Bankman Fried's reign, leaving "hundreds of millions of dollars" vulnerable to theft or other malicious activity. The revelation was part of the prepared <a href="https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-rayj-20221213.pdf">testimony</a> to the U.S. House Financial Services Committee from from new Chief Executive John Ray III.
FTX Hearing: CEO John Ray Claims “Embezzlement” Root Cause Of FTX Collapse
In an ongoing Congressional hearing, FTX’s newly appointed chief executive <a href="https://coingape.com/ftx-ceo-john-j-ray-blasts-sbf-ahead-ftx-tomorrows-congressional-hearing/">John Ray III</a> told the panel that Sam FTX founder Sam Bankman-Fried “should have known” his actions and conflict of interest between the corporate relationship between the FTX crypto exchange and its trading arm <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> would result in the empire’s final collapse.
FTX ‘One of the Biggest Financial Frauds in American History’: Prosecutor Damian Williams
A day after former FTX Chief Executive <a href="https://decrypt.co/117054/ftx-founder-sam-bankman-fried-arrested-bahamas" target="_blank">Sam Bankman-Fried was arrested</a> in the Bahamas, United States Attorney for the Southern District of New York Damian Williams provided insight into the charges levied against him.
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens
Lawyers have accused the government of The Bahamas of asking SBF to mint new digital tokens worth millions of U.S. dollars. The tokens were allegedly given to Bahamian officials, FTX’s legal team said. FTX’s new CEO John J. Ray III and his team noticed that new tokens were being issued and suspected that SBF and FTX co-founder Gary Wang were the executives who worked on orders stemming from Bahamian officials.
SBF Blames Binance CEO for FTX’s Collapse; Claims CZ Played Him
Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt FTX, has continued to blame Changpeng Zhao (CZ), of Binance, for the downfall of FTX despite reports that confirm SBF mismanaged users’ funds.
![[2025 Annual Guide] Crypto Data Engineering Guide](https://img.cointime.com/images/rWNk2dKKxkbIZHo0tclX8DsjdovJwQKo2b5kMDYP.jpg)
