Liquidator of FTX Digital Markets, the company’s subsidiary in the Bahamas. Published a report on the physical assets of the company in the country.
pursuant to written affidavits filed by partners of PricewaterhouseCoopers to the Supreme Court of the Bahamas on February 8. saidThe company has acquired a total of 52 properties in the Bahamas. Including a suite “On behalf of individual employees or relatives of SBF, even if FTX Digital funds” these properties. This includes housing for FTX employees and commercial office space. It was valued at approximately $255 million and was acquired by the FTX affiliate.
The JPLs also indicate a “large number of vehicles” used by FTX employees across the island. It has an estimated value of $2.4 million and 13 other items of office furniture and computer equipment worth $500,000 and storage are yet to be appraised. The liquidators said they would It “began to be sold” after approval by the Bahamas Supreme Court.
It is unclear if there are still individuals currently working on FTX amid the ongoing bankruptcy proceedings. FTX CEO John Ray said in bankruptcy court on Feb. 6 that the company does not have a physical office. longer and now works in a metaverse manner instead.
“Most employees are no longer reporting to the FTX Digital offices in the Bahamas for work. Most of them are foreigners moving to the Bahamas on employment visas. and learned later that many had left the Bahamas.”
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