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FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation

The Bahamas liquidators are seeking to exclude over $200 million worth of luxury properties in the country from the estate of FTX, as the bankrupt crypto exchange seeks to wind up and repay creditors in the U.S., court documents filed on Monday revealed.

Meanwhile, lawyers for FTX’s new boss, John Ray, are attempting to fight off attempts by what they say are “reckless” attempts by Bahamas-based administrators to secure access to the defunct exchange's IT systems, in legal proceedings that have rapidly become as messy as the crypto exchange’s own governance.

(By Jack Schickler)

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