Bankrupt crypto exchange FTX is accusing the government of the Bahamas of directing unauthorized access to FTX systems for the purpose of withdrawing assets after the company filed for Chapter 11 bankruptcy in the U.S., court filings from Thursday show.
The debtors – what remains of the company – “have credible evidence that the Bahamian government is responsible for directing unauthorized access to the Debtors’ systems for the purpose of obtaining digital assets,” after legal proceedings began in the U.S. on Nov. 11, said the filing, attributed to FTX Trading.
"It appears that the automatic stay has been flaunted, by a government actor no less," the filing added, referring to the bankruptcy norms which require a freezing of assets until they can be divided up to creditors.
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