NASSAU, BAHAMAS FTX CEO John Ray III in a congressional hearing into the companys collapse yesterday slammed The Bahamas company liquidation process as lacking transparency, claiming that the pushback being received from the Bahamian government and regulators was extraordinary and irregular.
Ray was addressing a House Financial Services Committee hearing into the collapse of the crypto exchange.
He said that some digital assets were removed from FTXs Bahamian platform by Bahamian authorities and some were removed in a hack. The Securities Commission has repeatedly defended its decision to transfer all digital assets of FTX into digital wallets under its control for the benefit of clients and creditors of FTX Digital Markets.
Ray asserte…
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