The Attorney General of the Bahamas said Sunday that newly appointed CEO John Ray used 'used inaccurate allegations.'
bankruptcy protection in a Delaware court on Nov. 11. Then on Nov. 15, FTX Digital Markets filed for Chapter 15 bankruptcy in New York, with FTX's lawyers calling the move"a blatant attempt to avoid the supervision of this Court and to keep FTX DM isolated from the administration of the rest of the Debtors, which constitute the vast majority of the remainder of the FTX group," in a filing.
They also said former CEO Sam Bankman-Fried was trying to undermine the U.S. Chapter 11 case by tying assets up in the Bahamas.Pinder said the investigation of FTX by the country's authorities is still in the early stages and that"ill-informed speculation" isn't helpful. "Any attempt to lay the entirety of this debacle at the feet of the Bahamas because FTX is headquartered here would be a gross oversimplification of reality," he said."It is deeply misguided to conclude that reluctance to communicate the details of an active investigation means that nothing is happening."
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