Bahamas Attorney General Ryan Pinder implied that Binance had a role in the FTX bankruptcy and that the bankruptcy was intended to be credited to the Bahamas. He also accused FTX’s new CEO, Jhon J. Ray, of misrepresenting the Bahamas regulator’s actions.
Ryan Pinder November 28 In a statement published on , he touched on the FTX collapse and what happened after. Pinder has made a statement on the cryptocurrency exchange after Binance CEO Changpeng Zhao (CZ) publicly announced that he will liquidate investments in FTX’s native token, FTT, after FTX ran into some financial difficulties. panic He stated that this was happening and customers were trying to withdraw their deposits quickly. The country’s financial regulator is against the company, whose possibilities of finding financing have decreased after Binance withdrew from the agreement, which was put on the table in a short time, in a short time. fast his intervention While praising FTX’s new CEO, Jhon j. Ray’s actions of the Bahamas you misrepresented expressed.
According to the descriptions Bahamas Securities and Exchange Commission (SCB)took swift action by suspending the license of FTX Digital Markets and appointing temporary liquidators. The regulator secured the assets of FTX Digital Markets for the benefit of creditors and customers. The Attorney General suggested that this move, which was put into action by the regulator, also benefits FTX.
Expressing his regret over this issue, stating that the new CEO, John J. Ray, misrepresented the Bahamian government’s actions, Pinder said in a court file that Ray and FTX attorneys filed a lawsuit against the Bahamas. unauthorized actions He said he accused him of arranging it. The Attorney General said that these actions actually robbed FTX of funds. to protect He claimed it was made for Pinder made a statement to the public and officials for the safety and reliability of the trial. more restrained invited to be
Binance’s their actions implicit albeit as do not approve The Attorney General is not the only official with this opinion. US senator Ted Cruz and UK Parliament Treasury Committee He is also among the legal actors who find Binance’s interference suspicious. Apart from these, a number of actors who hold managerial, developer and investor positions in the sector claimed that Binance acted maliciously during the liquidation and acquisition process of its FTT investments.
On the other hand, the accusations made about the Bahamas regulator do not reflect the truth and the institutions are quite involved in the event. fast reaction At this point, the Attorney General stated that the whole collapse that his responsibility may be intended to be dropped on the Bahamas. underlined. Pinder said that there is no standardized regulation in the crypto money industry, but that the Bahamas are quite at this point. devoted that FTX is operating in the Bahamas for a liberalized field of business. is full of ignorance suggested.