The Bahamas Securities and Exchange Commission officially issued a statement stating that it must once again correct the major misstatements made by John J. Ray III, the representative of the FTX debtor, in media and court documents. Among them, on December 30, 2022, John J. Ray III publicly questioned the Commission’s calculation of digital assets, which were transferred to digital wallets controlled by the Commission on November 12, 2022, in order to exercise its authority as a regulator. powers, and acting on the order of the Supreme Court of the Bahamas, this public assertion by John J. Ray III is based on incomplete information.
Prior to this, John J. Ray III also issued public statements claiming that the Bahamas directed SBF to mint a large number of new tokens. These statements were submitted in court documents without evidence on December 12, 2022, and then on December 13. The U.S. House of Representatives Financial Services Committee testified again that the international media widely reported the statement that Bahamian officials directed FTX employees to mint $300 million in new FTT tokens. Such unfounded statements created distrust of public institutions in the Bahamas. The process of acquiring digital assets that are in the custody or control of an institution.