FTX sued the liquidators of the Bahamian division of the exchange – Bits Media

The Temporary Administration of the FTX of the FTX filed a lawsuit against the FTX Digital Markets and its Bahamas liquidators, stated, that they are unlawfully claiming the assets of the cryptocurrency exchange.

The FTX Provisional Administration asks the US Judge for Bankruptcy Affairs of John Dorsi (John Dorsey) intervene and confirm, that the assets of the founder of the Exchange Sam Bankman-Fried (Sam Bankman-Fried) and other employees, bugam, were "fraudulent translations" and, hence, FTX belong to right.

Lawyers, representing FTX Group, describe the Bahamian unit as an economic and legal "dummy", created for "cover". According to the FTX Provisional Administration, Exchange liquidators in the Bahamas "continue to make unreasonable requirements, who will damage ftx.com to customers and other creditors ".

Liquidators of the Bahamian division FTX Digital Markets, which is not bankrupt, claimed assets ftx.com. This is stated in the court documents of the company.

FTX collapse in November 2022 years shocked the entire cryptocurrency industry. The founder of the Exchange Sam Bankman Fried is accused of eight criminal offenses, However, does not plead guilty. Now the ex-head is released on bail in the amount $250 mln.

FTX temporary managers were able to find only $2,7 billion from $11,6 billion, who were supposed to be in customer accounts. Part of the amount of the shortage may be attributed to the company Alameda Research, which occupied $9,3 billion from customers accounts even to the collapse of the exchange.

Recently it became known, that the founders and important for the management, employees of the bankruptcy FTX received payments and loans for the amount $3,2 billion, Mostly from the subsidiary of Alameda Research.