Mr. John J Ray III, CEO of FTX and consultant of the Chapter 11 Debtors within the U.S., made a press release on December twelfth and thirteenth, 2022 in court docket filings, claiming that the Securities Fee of the Bahamas (SCB) had instructed FTX to mint $300 million in new FTT tokens in 2022. 

These statements have been made with out proof earlier than the USA Home Monetary Companies Committee and obtained widespread worldwide media protection. 

The Chapter 11 Debtors additionally alleged that digital belongings managed by the SCB in belief for the good thing about FTX clients and collectors have been stolen, with out offering any substantiating proof.

On January 2, 2023, the SCB launched a press release denying these allegations and claiming that they have been selling distrust in public establishments within the Bahamas. The SCB additionally addressed the way it took possession of digital belongings beneath the custody of FTX Digital Markets Ltd (FTXDM) and accused Mr. John of not contacting the SCB to handle his issues. 

The SCB despatched a letter to Mr. John on December seventh, 2022 providing cooperation with the Chapter 11 Debtors, however has not obtained a response. The SCB is anxious that the Chapter 11 Debtors are hindering the investigation into FTX by denying entry to FTX’s AWS system for the court-appointed joint liquidators. Nevertheless, the SCB hopes that the Chapter 11 Debtors will act in good religion and in the perfect pursuits of collectors and buyers.