PANews reported on January 3 that the Securities Commission of the Bahamas issued a document stating that it must once again correct the major misstatements made by John J. Ray III, the representative of the US FTX debtor (Chapter 11 debtor), in the media and court documents. The Commission stated that the US debtor publicly questioned the Commission's calculation of digital assets, and this public assertion was based on incomplete information; John J. Ray III previously claimed that the Bahamas instructed SBF to mint a large number of new tokens, which was widely reported by the international media. This unfounded statement caused distrust in the public institutions of the Bahamas.
The Commission also stated that the U.S. Debtors claimed without providing substantive basis that digital assets of FTX customers and creditors were stolen, but that these assets were controlled by the Commission in a trust for the benefit of FTX customers and creditors. Regarding their claim of ownership of the assets, according to court documents filed by the U.S. Debtors themselves, they admitted that these assets were disputed.
