FTX’s Bahamian Liquidators Seek Control of 35 Properties

Bahamian liquidators overseeing the wind-down of an FTX subsidiary are seeking to dismiss the US-filed bankruptcy of another FTX entity, claiming they’re owed $256.3 million.

The Chapter 11 case of FTX Property Holdings, which owns 35 properties in the Bahamas, should be dismissed because all its assets and creditors are located on the island, the liquidators of FTX Digital said in a filing Monday with the US Bankruptcy Court for the District of Delaware.

FTX Property has no connection to the US, the Bahamian court-appointed liquidators argued.

The request highlights a simmering international turf war over the collapsed cryptocurrency business, ...