News Snapshot:
Bankrupt crypto exchange FTX has sued the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, accusing them of wrongly claiming ownership of the exchange’s assets. FTX Trading, led by new CEO John Ray, on Sunday asked a U.S. bankruptcy judge in Delaware to rule that FTX Digital Markets had no ownership interest in FTX.com’s cryptocurrency, intellectual property, and customer relationships. The Bahamian affiliate was a “corporate shell” and the “centerpiece” of founder Sam Bankman-Fried’s effort “to funnel FTX Trading customer deposits and other valuable property and rights to the Bahamas, out of the reach of American regulators...
