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FTX CEO questions actions by Bahamian authorities amid bankruptcy
What is the likelihood FTX investors will get their money back?
Bittrex head of litigation and regulatory affairs David Maria discusses the timing of Sam Bankman-Fried’s arrest and the impact the collapse will have on FTX investors.
The new CEO of FTX told U.S. lawmakers Tuesday that his team has received "extraordinary" pushback from authorities in the Bahamas, where the fallen crypto exchange is based, and called into question actions taken by the Bahamian government surrounding the company's bankruptcy.
John Ray III, who took the helm at FTX after disgraced founder Sam Bankman-Fried's departure last month, told the House Financial Services Committee that Bahamian officials took some FTX Digital Markets funds following the U.S. bankruptcy filing with the assistance of now-former FTX employees.