Bahamas Regulator Challenges FTX CEO’s Allegations over Customer Funds

The Securities Commission of The Bahamas (SCB) released a statement on Monday to defend itself against the “material misstatements” made by the newly appointed FTX Chief Executive, John Ray, who is overseeing the bankruptcy Bankruptcy Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy.