Bahamas regulators slammed the recently appointed CEO of collapsed crypto exchange FTX for attempting to “advance questionable agendas.”
In a Tuesday statement sent to the press, the Securities Commission of The Bahamas said John J. Ray III, known for recovering funds for failed companies, “made key misstatements” about his handling of the situation.
“Mr. Ray has not once reached out to the Securities Commission to discuss any of his concerns before airing them publicly,” the statement read, saying his remarks “do not appear to be concerned with facts but rather appear intended only to make headlines.”
Bahamas regulators claim Ray’s use of redacted email correspondence between Bankman-Fried and Bahamian officials were “to create a false impression of communications between Mr. Bankman-Fried and the Commission.”
“Every action taken by the Securities Commission of The Bahamas was in strict accordance with our country’s legislation and with orders made by the Supreme Court of The Bahamas,” the statement read.
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