The Bahamas government criticizes the new FTX CEO and explains why!
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The Bahamas government criticizes the new FTX CEO and explains why!
John J. Ray, the CEO of FTX, who is in charge of the company’s bankruptcy proceedings, has come under fire from the Bahamas government.
As there was a new conflict and escalation of the fight over what to do with the remnants of the FTX empire.
Yesterday, Sunday, November 27, Ryan Bender told the Attorney General of The Bahamas that the recent statements made by FTX CEO John Ray about the US bankruptcy proceedings were misguided and unfortunate.
Bender added in his letter:
The prospect of multimillion-dollar legal and consulting fees is likely driving their excessive legal and data strategy.
Read:A new partnership for the ChainLink project in the aviation field… and the LINK coin interacts with the news
In any case, we urge caution and accuracy in all future deposits.
Since FTX’s declaration of bankruptcy on November 11, a major dispute has arisen as regulators in the Bahamas move to seize FTX’s local assets.
Lawyers representing cryptocurrency trading platform FTX have raised suspicions that after the bank deposit, some assets were ordered to be transferred to the Bahamas government.
The lawyers also accused Sam Bankman-Fred of undermining efforts to reorganize the company with his constant and confusing tweets.
Eyes are on the government of the Bahamas:
Since the dramatic collapse of cryptocurrency exchange FTX, regulators around the world have turned to the urgency and swift action.
The FTX infection affected the broader crypto market.
Many popular cryptocurrency lenders like BlockFi and Genesis are facing massive liquidations.
As a result, it became difficult for them to handle liquidity.
Also, the downfall of FTX has brought the Bahamas and its burgeoning crypto industry to light.
The island nation also continues to defend its efforts to attract crypto firms.
The Bahamas government added that it would not stop doing so.
Read:Learn about the details of the Cardano Project Partnership (ADA) and the Government of Uzbekistan
Tell Bender:
We make no apologies for our aspiration for The Bahamas to be at the forefront of this exciting innovative sector.
The Bahamas is behind its decision to regulate digital assets and related businesses.
We stand behind the quality of existing regulations.
Read also:
El Salvador Launches National Bitcoin Office (ONBTC)…Details Here
Bitcoin mining revenue is at its lowest level since November 2020
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time