image credit: Adobe Stock

FTX debtors sue Bahamas arm over ownership claims

March 21, 2023


Failed crypto exchange FTX and its sister companies Alameda Research, FTX US, and FTX Trading filed a lawsuit Sunday against FTX Digital Markets, the companies’ Bahamas-based subsidiary, which they allege wrongfully claimed ownership of the firms’ assets.

The FTX debtors, in a filing with U.S. Bankruptcy Court for the District of Delaware, allege that FTX Digital Markets (FTX DM) and its Bahamas-based joint provisional liquidators claimed the Bahamian subsidiary was the “constructive owner” of’s fiat and cryptocurrency, intellectual property and customer relationships.

Read More on Banking Dive