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FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings

FTX wants to strip the company’s Bahamas arm from any claim over company assets, saying it is a mere shell set up to further alleged fraud by founder Sam Bankman-Fried, the company’s U.S. leadership said in a Sunday legal filing.

The filing accuses Bahamas authorities of aiding Bankman-Fried’s attempts to escape justice, in a move likely to reawaken legal and diplomatic tensions.

(By Jack Schickler)

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