One of the biggest names in the cryptocurrency world FTX The effects of the stock market crash continue. Many continue to believe that former CEO Sam Bankman-Fried is entirely to blame. On the other hand, Bahamas, which did not make any moves against the SBF, is also in the focus of criticism. As it is known, FTX was officially registered in the Bahamas. Many critics believe that the Bahamas does not oversee the FTX exchange.
FTX’s new CEO John Ray III made a similar criticism. The CEO made a harsh criticism, stating that the government was demanding ‘unauthorized’ transactions. As a matter of fact, the government’s chief prosecutor, Ryan Pinder, does not have the same view. Here are Pinder’s remarkable statements.
Ryan Pinder, who made a live broadcast on Facebook, stated that the CEO of FTX misrepresented the measures taken by the Securities Commission and made unfounded claims. As a result, Pinder believes the CEO’s remarks are disproportionate and false claims.
Koinfinans.com As we reported, with the unfolding of the FTX stock market crash, Bahamas It was the first country to freeze the stock market’s assets. As a result, the Securities Commission (SCB) transferred all frozen assets to a secure wallet. Praising this move, Pinder believes the Securities Commission’s pace of action is too fast by standards.
Pinder went on to defend the Bahamas.
“Since FTX is headquartered here, trying to pin this whole fiasco on the Bahamas would be an oversimplification of reality.”
Bahamas Investigates FTX Crash
Indeed, the country’s FIU, along with the SCB, and the Fiscal Crimes Unit of the police are expected to investigate the “facts and circumstances” of FTX’s bankruptcy case.
As a result, Pinder further detailed the current investigation into the problematic platform, stating:
“We are in the early stages of an active and ongoing investigation. This is a very complex investigation.”
While many praised the Bahamas for taking swift action regarding FTX, a few others denounced the government, such as the firm’s new CEO and lawyers. The users of the platform continue to live in uncertainty.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.