Attempts to move bankruptcy proceedings from Delaware to the Bahamas need to stop, attorneys for FTX argue in a new adversary proceeding.

complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys ”in response to serial threats” to relocate the case. Those attorneys say those threats now include Bahamian court-appointed provisional liquidators’ stance that an FTX shell entity used to siphon investors’ money away constructively owns the cryptocurrency exchange.

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