The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — has released a report on the company’s physical assets in the island nation.
According to affidavit filed by a PricewaterhouseCoopers partner with the Bahamas’ supreme court on Feb. 8, FTX’s joint provisional liquidators, or JPLs, said the company had purchased 52 properties in the Bahamas, including units “in the name of individual employees or relatives of SBF, despite FTX Digital providing the funding”. These properties, which included housing for FTX employees and commercial office space, were worth roughly $255 million and purchased by an FTX subsidiary.
The JPLs also identified “a fleet of vehicles” FTX’s employees had used around the island worth roughly $2.4 million, $500,000 worth of office furniture and computer equipment, and 13 leased storage units whose contents still need to be assessed. The liquidators said they would “commence disposals” following approval from the Bahamas’ supreme court.
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