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FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas

The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — have released a report on the company’s physical assets in the island nation.

According to an affidavit filed by a PricewaterhouseCoopers partner with the Bahamas’ supreme court on Feb. 8, FTX’s joint provisional liquidators, or JPLs, said the company had purchased 52 properties in the Bahamas, including units “in the name of individual employees or relatives of Sam Bankman-Fried, despite FTX Digital providing the funding.” These properties, which included housing for FTX employees and commercial office space, were worth roughly $255 million and purchased by an FTX subsidiary.

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