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FTX sues liquidators in the Bahamas

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The liquidators argue they took on a more prominent role before the collapse

Crypto exchange FTX has sued the liquidators overseeing its wind-down in the Bahamas.

The exchange claims FTX Digital Markets are wrongly claiming ownership of certain assets.

CEO John Ray told a U.S. court that that the affiliate had no interest in FTX.com’s cryptocurrency, intellectual property and customer relationships.

The affiliate from the Bahamas was a corporate shell of former company founder Sam Bankman-Fried, who attempted to funnel customer deposits and property rights into the nation.

Liquidators have argued the affiliate took on a more prominent role when the company moved its headquarters from Hong Kong to the Bahamas.

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