FTX debtors file lawsuit in opposition to change’s Bahamian arm on possession of property

The authorized groups representing Alameda Analysis, FTX US and FTX Buying and selling have filed a criticism in opposition to the Bahamas-based FTX Digital Markets, claiming the corporate was a “fraudulent enterprise” used as a shell entity to obfuscate the query of the agency’s possession.

In a March 19 submitting with the US Chapter Courtroom for the District of Delaware, FTX debtors say FTX Digital Markets (FTX DM) and the joint provisional liquidators (JPLs) had claimed the Bahamian arm was the “constructive proprietor” of FTX.com’s fiat and crypto property in addition to different mental property. In keeping with the criticism, these “baseless claims” by FTX DM “will hurt FTX.com prospects and all different collectors of the FTX Debtors” as the corporate continues with chapter proceedings in the US.

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