The Securities Commission of The Bahamas (SCB) has actually rejected FTX debtors’ claims and expresses issue that the investigation has actually been ‘hampered.’

According to a declaration released on Jan. 3, The Securities Commission of The Bahamas (SCB) has actually needed to correct material misstatements made by John J. Ray III, the agent of the United States-based FTX debtors, in press and court filings.The document

mentioned that the Chapter 11 Debtors had actually “openly challenged” the Commissions computations of digital properties moved to digital wallets under the Commission’s control in Nov. 2022.

It argued that these declarations were based on “insufficient” info and the debtors did not do due diligence by inquiring from the Joint Provisional Liquidators.The statement added that the FTX CEO John J. Ray III made public statements alleging that the Commission instructed FTX to” mint a considerable amount of new tokens “under “oath”during a court filing before the U.S. House of Financial Services Committee.The Chapter 11 Debtors have also alleged that the digital possessions controlled

by the Commission in the trust of FTX consumers and creditors were “stolen,”without providing any substantiated bases for these claims.The Commission shared concern that its examination is being jeopardized by the Chapter 11 Debtors’rejection to permit

the Court Supervised Joint Provisional Liquidators access to FTX’s AWS System. The SCB is hoping that the Chapter 11 Debtors will continue with matters in good faith and in the best interest of customers and lenders of FTX, the statement reads.Related: FTX purchased to pay reimbursement fees to Bahamian regulators The Bahamian securities regulator’s statement follows news from court filings in December 2022, where FTX attorneys claimed the Bahamas government apparently asked for that the

former CEO of FTX, Sam Bankman-Fried(SBF ), issue a brand-new cryptocurrency managed by local officials.The initial reports declared that the Bahamas regulator asked SBF to mint new digital properties worth hundreds

of countless dollars.