FTX's new management team is accusing FTX founder Sam Bankman-Fried of using an FTX entity in the Bahamas to further his alleged fraud. (Liz Napolitano/CoinDesk) FTX wants to strip the company’s Bahamas arm from any claim over assets,

Managers of FTX are suing a company affiliate based in the Bahamas, seeking a bankruptcy court ruling to end a dispute with liquidators there over who should control and distribute assets of the failed cryptocurrency exchange.

FTX Group is arguing that its property needs to be shielded from the liquidators in charge of winding down its Bahamas unit, insisting that they don’t have a rightful claim over any portion of the bankrupt firm’s assets.