The jurisdiction fight in the bankruptcy case escalated after SCB announced the transfer of the contents from FTX to government-controlled wallets.
In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breach.at new FTX CEO John Jay Ray III for “misrepresenting” the agency’s action through the “intemperate” and “inaccurate” allegations.
The company also revealed that its co-founders Sam Bankman-Fried and Gary Wang were recorded saying that regulators in the country directed the dup to conduct “certain post-petition transfers” and that such assets were “custodied on FireBlocks under the control of the Bahamian government.”
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