FTX bought $2.4 million worth of vehicles in the Bahamas

It is unclear where many individuals still under contract with FTX are at this time. “Most employees stopped coming to the Bahamas office of FTX Digital after the bankruptcy. Many key employees were expatriates who moved to the Bahamas on a work visa and had left the island after the bankruptcy,” the trustees’ report said.

Bankruptcy is in full swing

The bankruptcy of FTX is now in full swing. The judge ruled on Feb. 8 that FTX’s creditors are allowed to send subpoenas to individuals such as Sam Bankman-Fried and his immediate family. Incidentally, it is still not at all clear when the case will come to an end and the users of the exchange platform can expect something in return from their assets.

For example, if we look at the toppling of Mt. Gox in 2014, then it can really take years and years before that happens. The trustees of Mt. Gox still have not paid out a single Bitcoin to the creditors of the fallen exchange platform. For the users of FTX it is to be hoped that things will go faster in this case, but unfortunately there is not much to say about that at the moment.

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