It doesn't really matter, FTT is a garbage token forever associated with fraud. Its value is zero and you can print how many you like without hurting anyone.
It matters a lot. Bahamas seizing existing crypto makes sense. Printing more and diluting holders is just bizarre. That would basically be the Bahamas doing a rugpull.
Why are you assuming the Bahamas did the minting?
Because the article we are commenting on seems to be the Bahamas gov taking credit for the minting. “477M” is more than the 300m moved so must involve the mint as well. But it makes little sense why they would mint.