The Bahamian government has made harsh statements against the person responsible for the restructuring of FTX.
Tensions are running high after FTX and more than 100 affiliated companies filed for bankruptcy in the US on November 11. After the Bahamas regulator’s move to seize the digital assets of the local FTX unit after the collapse, a small fight ensued between FTX appointee John J. Ray III and the Bahamas.
Bahamas Talks About FTX’s New CEO
The Bahamian government has made statements about John J. Ray III, who is trying to get out of the wreckage of Sam Bankman-Fried’s shattered company.
Bahamas Attorney General Ryan Pinder said on Sunday that the recent statements made by John J. Ray III in the US bankruptcy proceedings are regrettable. He also said that the statement misrepresented the measures taken by the country’s securities watchdog.
Pinder, who is also a senator, said in a video speech:
“It is possible that the prospect of millions of dollars in legal and advisory fees is driving both their legal strategy and their brazen disclosures. In any event, we call for common sense and accuracy in all future applications.”
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