The FTX bankruptcy committee plans to sell 35 properties owned by FTX in the Bahamas, with the funds allocated to FTX customers

ChainCatcher news, according to The Block, the FTX bankruptcy committee plans to sell 35 properties in the Bahamas, including the luxury apartment Orchid Penthouse where SBF, Gary Wang, Nishad Singh, and Caroline Ellison once lived together.

FTX lawyers stated that the sale price of the properties must be at least 80% of the estimated price set by the designated broker. Any sale of properties exceeding $5 million should be reported to the U.S. trustee, the creditors' committee lawyers, and stakeholders who have made legitimate claims against the listed properties. The proceeds from the sales will be used for distribution to FTX customers.