December 13, 2022

Bahamas Government Wants Ownership Over FTX $256M Real Estate

Story - Jai Pratap

Defunct crypto exchange FTX had spent $256.3 million on 35 different properties in the Bahamas

Now, Bahamas regulators have appealed to a bankruptcy judge to try to claim ownership over FTX-owned properties.

15 different properties include two of the largest apartments at that private Albany development worth $30 million and $21.3 million.

FTX founder SBF was arrested in the Bahamas on Tuesday at the request of US authorities

SBF faces a slew of charges including wire fraud, money laundering, and securities fraud.

FTX founder was supposed to testify in front of the US congress today.

Defunct crypto exchange FTX had spent $256.3 million on 35 different properties in the Bahamas. Now the government wants it back.