FTX officials had accused the Bahamas of improperly seizing digital assets.
A top government official in the Bahamas slammed new FTX CEO John Ray III for his “extremely regrettable” claims in the heated bankruptcy battle over the imploded crypto company.
Disgraced FTX founder Sam Bankman-Fried and his “cabal of roommates” ran the company and dozens of affiliates, where the government has adopted a friendly stance toward the cryptocurrency sector. Bahamian regulators said they took action to safeguard the assets and had previously argued that Bahamas-based FTX couldn’t file for bankruptcy in the US.Bloomberg via Getty Images
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