TechFlow, Bahama regulators plan to reclaim ownership of $256 million worth of real estate from FTX. Lawyers representing the Bahamas have urged a U.S. judge to dismiss Chapter 11 proceedings against FTX's property subsidiaries. The Bahamian legal team argued that since all properties are located in the Bahamas, and "Bahamian law does not permit recognition of foreign bankruptcy proceedings involving Bahamian companies."
FTX reportedly spent $256.3 million on 35 different real estate properties in the Bahamas, including over $25 million on its new headquarters, construction of which began in April 2022 but has been suspended since the exchange filed for bankruptcy in November.Lien vers l'article original
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