The Securities Commission of The Bahamas (SCB) has issued a statement denying claims made by the representative of US-based crypto exchange FTX and its debtors, who had alleged that the SCB had instructed FTX to “mint a substantial amount of new tokens.”

The SCB also denied the FTX debtors’ claims that digital assets controlled by the SCB on behalf of FTX customers and creditors had been “stolen,” and expressed concern that the investigation into FTX’s activities had been “impeded.”

The SCB called on the FTX debtors to proceed with matters in good faith and in the best interests of FTX’s customers and creditors.

Furthermore, the statement follows earlier reports in December 2022 that the Bahamas government had requested that FTX’s former CEO, Sam Bankman-Fried, issue a new cryptocurrency controlled by local officials.