FTX spent $256 million on Bahamas true estate — now the island’s federal government wants it back

FTX spent 6 million on Bahamas true estate — now the island’s federal government wants it back

Crucial Factors

Bahamas regulators attraction to personal bankruptcy choose to attempt to assert possession around FTX-owned qualities in New Providence, Bahamas.
FTX used $256.3 million on 35 unique houses in the Bahamas.
Bahamian regulators tell a Delaware federal individual bankruptcy decide that enabling the homes to be administered in U.S. courts would be both administratively ineffective and illegal less than Bahamas regulation.

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