FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets are still there.
New FTX CEO John Ray III and lawyers from the firm Sullivan and Cromwell hired to represent the company in bankruptcy proceedings have accused the Bahamian government of collaborating with federally-indicted former CEO Sam Bankman-Fried to illegally shift assets out of the Bahamian operation, an accusation the Bahamian government has objected to both in public statements and court.
But a representative for the liquidators, Jason Zakia of the law firm White and Case, disputed that contention.
“They need access to their debtors’ books and records in order to do their job as court-appointed fiduciaries,” he told presiding Judge John Dorsey. “This is really interfering with the ability of the liquidators to do their job.”
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