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Bahamas told Sam Bankman-Fried to Mint new crypto as FTX collapsed, lawyers say

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by COINS NEWS 76 Views

https://www.moneycontrol.com/news/world/bahamas-told-sam-bankman-fried-to-mint-new-crypto-as-ftx-collapsed-lawyers-say-9694981.html

Note that this was after FTX declaring bankruptcy and the arrival of John Ray III. Ray and his team tried to get control of FTX’s computer systems and noticed that someone was minting new coins. Ray and his team concluded that it must be SBF and Wang.

Then, they planned to transfer the remaining assets of FTX via these minted coins to the government officials of the Bahamas. Note that assets should not be transferred after declaring bankruptcy and these belonged to the creditors/investors of FTX. Basically, these bastards kept stealing even after declaring bankruptcy and pretending to cooperate.

submitted by /u/Supreme-Serf
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