FTX Digital Markets- the joint provisional liquidator of the company's subsidiary in the Bahamas issued a report on the company's physical assets in the island country.

According to an affidavit filed by a PricewaterhouseCoopers partner to the Supreme Court of the Bahamas on February 8th, FTX's Joint interim Liquidator (JPL) indicated that the company had bought 52 properties in the Bahamas, including those purchased in the name of SBF's own employees or family members, although FTX Digital brought assets. The real estate, which includes FTX employee housing and commercial office space, is worth about $255 million and was bought by a subsidiary of FTX.

JPL also identified approximately $2.4 million worth of "convoys" used by FTX employees on the island, $500000 worth of office furniture and computer equipment, and 13 leased memories, which have yet to be assessed. The liquidator indicated that he would "deal with it gradually" after approval by the Supreme Court of the Bahamas.

At this stage, it is not clear where many people who are still employed by FTX in bankruptcy proceedings work. On February 6th, FTXCEO Robert Ray showed at the bankruptcy trial that the company no longer had a physical company office, but was operating in an illusory world-although this was supposed to refer to the head office of FTX, not a local subsidiary.

According to the Jet Propulsion Laboratory report:

Most employees no longer sign in to the office of FTX Digital, which is located in the Bahamas. Many of the key employees of FTX Digital are foreigners who have signed to move to the Bahamas, and then they learn that many of them leave the Bahamas around the time they are appointed.

Prior to the release of the report, FTX borrowers announced on January 6th that they had reached an agreement with FTX Digital to settle or dispose of property related to the Bahamas subsidiary. On November 12th, a day after FTX declared bankruptcy abroad, the Supreme Court of the Bahamas ordered all FTX Digital data property to be transferred to a wallet controlled by the Bahamas Securities Federation.

Bankruptcy proceedings for FTX have been initiated by foreign bankruptcy courts in the Delaware region. The presiding judge of the case ruled on Feb. 8 that the FTX borrower had the right to send court subpoenas to some individuals, including Bankman-Fried and his immediate blood relatives.