The joint provisional liquidators of FTX Digital Markets, which is the subsidiary of the parent company in that nation, have released a report on the company’s tangible holdings in the Bahamas. The report details the company’s assets physically located in the Bahamas.

According to an affidavit filed with the Supreme Court of the Bahamas on February 8 by a PricewaterhouseCoopers partner, FTX’s joint provisional liquidators, or JPL, stated that the company had purchased 52 properties in the Bahamas, including units “in the name of individual employees”. or family members of Sam Bankman-Fried, even though FTX Digital provided the financing.” An FTX entity shelled out about $255 million to acquire these properties, which included housing for FTX employees as well as office space for rent by the commercial sector The subsidiary FTX bought these different real estate.

JPL also discovered “a fleet of vehicles” that FTX employees had used around the island worth about $2.4 million, $500,000 worth of office furniture and computer equipment, and 13 storage units. leased whose content has not yet been evaluated. . All these items were located on the island. On the island you can find each and every one of these goods. The liquidators have said that they will “commence the disposals” once they have received authorization to do so from the Supreme Court of The Bahamas.

Amid FTX’s bankruptcy proceedings, it is unknown where most of the people still employed by the company worked. During his testimony on February 6 in bankruptcy court, FTX CEO John Ray indicated that the company no longer had physical offices and instead conducted all of its operations in the metaverse. When Mr. Ray made this comment, he may have been referring to FTX headquarters rather than its local subsidiaries. It is likely that he had this in mind.