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FTX says Bahamas regulators hold $296 million, not $3.5 billion of company's assets

FTX has been at odds with Bahamian officials ever since filing for bankruptcy protection on Nov. 11. The Bahamian officials have asked for access to FTX's records to assist with the liquidation of FTX DM, but FTX's U.S. bankruptcy team said they do not trust Bahamian officials with that information.

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