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Securities Fee of the Bahamas says debtors of the bankrupt cryptocurrency change had ‘incomplete data.’
The Securities Fee of the Bahamas (SCB) has rebuffed FTX’s claims in regards to the digital property of its Bahamas unit held by the regulator, saying the debtors of the bankrupt cryptocurrency change had “incomplete data”.
Final month, the SCB stated it had seized greater than $3.5bn in cryptocurrency from the unit, FTX Digital Markets, which it was holding for future reimbursement to clients and different collectors.
FTX disputed SCB’s calculations, saying its digital property seized in November have been value simply $296m and never $3.5bn.
“Such public assertions by the Chapter 11 debtors have been based mostly on incomplete data,” the regulator stated in a press release on Monday.
There was no quick response from FTX, which has been at odds with Bahamian officers since submitting for chapter safety on November 11.
Bahamas officers have sought entry to FTX’s information to assist liquidate FTX Digital Markets, however the firm’s US chapter crew stated it didn’t belief them with the data.
FTX’s founder and former chief govt, Sam Bankman-Fried, was arrested on fraud expenses final month and is anticipated to be arraigned on Tuesday earlier than US District Decide Lewis Kaplan in Manhattan federal courtroom.
The agency’s new chief govt, John Ray, has stated the change misplaced $8bn of buyer cash.
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