FTX, Bahamas liquidators remain at loggerheads over system access

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FTX's new leadership remains suspicious of the Bahamas government and lawyers hired to liquidate the Bahamas-based portion of the FTX group of companies.

The company continues to fight access for liquidators in a separate Bahamas-based bankruptcy process.

In a U.S. Bankruptcy Court, District of Delaware hearing today, the two sides argued, again, over continuous access to the files. Bromley said the company could allow “static” access to computer systems for their counterparts but continue to oppose continuous access due to suspicions around the relationship between Bankman-Fried and the Bahamian government. The country's securities regulator pulled assets worth hundreds of millions of dollars out of the company after obtaining a court order from the Supreme Court of the Bahamas to do so.

 

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