{"id":13427,"date":"2022-11-28T05:11:40","date_gmt":"2022-11-28T05:11:40","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/28\/the-bahamas-calls-ftx-ceos-actions-as-regrettable\/"},"modified":"2022-11-28T05:11:40","modified_gmt":"2022-11-28T05:11:40","slug":"the-bahamas-calls-ftx-ceos-actions-as-regrettable","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/28\/the-bahamas-calls-ftx-ceos-actions-as-regrettable\/","title":{"rendered":"The Bahamas Calls FTX CEO&#8217;s Actions As Regrettable"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/the-bahamian-government-slams-new-ftx-ceo-for-regrettable-actions\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>FTX\u2019s newly appointed CEO John J. Ray III, answerable for proscribing the corporate has come below the hearth of the Bahamian authorities. There\u2019s been a brand new tussle and escalating battle over what must be performed with the stays of FTX\u2019s crippled empire.<\/p>\n<p>On Sunday, November 27, Bahamas Attorney General Ryan Pinder mentioned that the latest statements made by FTX CEO John Ray on the U.S. Bankruptcy proceedings have been misrepresented actions and \u201cRegrettable\u201d. In a video tackle on Sunday, Pinder mentioned:<\/p>\n<blockquote>\n<p>\u201cIt is possible that the prospect of multimillion dollar legal and consultant fees is driving both their legal strategy and the intemperate statements. In any case, we urge prudence and accuracy in all future filings\u201d.<\/p>\n<\/blockquote>\n<p>Since the submitting of FTX\u2019s chapter on November 11, a significant battle is born with the Bahams regulator\u2019s transfer for seizing the crypto property of the native FTX unit. The legal professionals representing crypto change FTX have raised the doubts that after the bankru[ptcy filing, some assets were ordered to be transferred to the Bahamian government.<\/p>\n<p>The lawyers have also accused <a href=\"https:\/\/coingape.com\/just-in-sbf-political-donations-can-be-reclaimed-as-fraudulent-transfers\/\" target=\"_blank\" rel=\"noopener\">Sam Bankman-Fried<\/a> for undermining the company\u2019sreorganization efforts \u201cincessant and disruptive tweeting.\u201d<\/p>\n<h3>After FTX Episode, All Eyes on the Bahamian Government<\/h3>\n<p>Since the dramatic collapse of the crypto exchange FTX, regulators across the globe have swung into action. The FTX contagion has impacted the broader crypto market. Several popular crypto lenders like BlockFi and Genesis are facing massive liquidations. As a result, it has become difficult for them to handle liquidity.<\/p>\n<p>Also, the downfall of FTX has cast a spotlight on the Bahamas and its burgeoning crypto industry. However, the island nation continues to defend its efforts of attracting crypto firms. The Bahamian government also added that they won\u2019t stop doing it. Pinder <a rel=\"nofollow noopener\" href=\"https:\/\/www.bnnbloomberg.ca\/ftx-tensions-intensify-as-bahamas-blasts-company-s-new-chief-ray-1.1851678\" target=\"_blank\">said<\/a>:<\/p>\n<blockquote>\n<p>\u201cWe do not apologize for our ambition for Bahamians to be at the forefront of this exciting innovative sector. The Bahamas stands behind its decision to regulate digital assets and related businesses. We stand behind the quality of the regulations that exist.<\/p>\n<\/blockquote>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA128753\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD128753\">\n<p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/the-bahamian-government-slams-new-ftx-ceo-for-regrettable-actions\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] FTX\u2019s newly appointed CEO John J. Ray III, answerable for proscribing the corporate has come below the hearth of the Bahamian authorities. There\u2019s been a brand new tussle and escalating battle over what must be performed with the stays of FTX\u2019s crippled empire. On Sunday, November 27, Bahamas Attorney General Ryan Pinder mentioned that 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