FTX representative attorney Jason Bromley made important statements about the company at the bankruptcy hearing.
The lawyer representing the company shared important information about the current situation of the stock market at the bankruptcy hearing held today.
FTX in Contact with Regulators
According to Bromley, the current management of cryptocurrency exchange FTX and its subsidiaries is collaborating with the US government and regulators.
Jason Bromley, a Sullivan and Cromwell partner and attorney representing FTX in the US, said:
“We are in constant communication with the US Department of Justice, including the Southern District of New York’s Cybercrime Division. We are also in constant communication with the SEC and the CFTC.”
Bromley emphasized that under the new leadership of John Ray, the new CEO of FTX, the exchange acts in coordination with regulators in the US and other countries.
“There are demands for Jonh Ray to appear in the US Congress, House and Senate”
Bromley also warned that FTX remains in danger of hackers.
In addition, Bromley said that crypto assets have been moved to other accounts and applied to the Bahamas for this reasoning. He pointed out that the Bahamian government has not been honest about its actions.
“We have evidence that assets have been moved to the Bahamas”
The Bahamas Securities Commission issued a statement on November 17, saying that it managed the move of FTX assets on November 12 and did not recognize FTX Digital Assets as part of the ongoing bankruptcy procedure in the United States.
