FTX owned $256 million of Bahamas real estate including 15 condos in the same building, and the government wants it back

• Bahamian regulators are trying to claim $256 million of real estate owned by FTX.
• The company owned 15 condos in the same luxury community where Sam Bankman-Fried lived.
• Bankman-Fried was arrested Monday and faces charges relating to "violations of securities laws."

FTX owns $256.3 million of real estate in the Bahamas, but the island's government has appealed to the Delaware bankruptcy court to try to get it back.

Court documents filed on Monday show that FTX owns 35 properties, including 15 multi-million dollar condos in the same building.

That building is the Albany Resort, where Sam Bankman-Fried lived in a $30 million penthouse until his arrest on Monday night.

The most expensive property in the documents is worth $30 million, suggesting that the Bahamas is trying to claim Bankman-Fried's apartment.

The luxury ocean side community has its own marina and golf course, which has hosted the PGA Tour.

At One Cable Beach — another luxury community where FTX owns four properties — apartment plans on the same floor show a nearly 3,000 sq-ft home with a wraparound balcony.

Three assets worth over $25 million are based at the Veridian Corporate Center, where FTX's head office is located, but the rest appear to be residences.

Bahamian regulators filed the documents in Delaware, telling the judge that the liquidation of FTX Property Holdings Ltd shouldn't take place in an American court.

Regulators said that "the Bahamian courts that have jurisdiction over the real estate cannot recognize this Court's orders because Bahamian law does not allow recognition of a foreign insolvency proceeding for a Bahamian company."

The company was only used to hold Bahamas real estate, and "has no assets here, no creditors here, and it never has done business here."

Regulators added that they were "able to trace the funds used for each purchase from a FTX Digital bank account" for all but three of the properties, where "we could not trace the flow of funds."

The documents were filed just hours before Bankman-Fried was arrested in the Bahamas, based on a "sealed indictment" from US authorities.

The FTX founder was playing a video game and doing an interview on Twitter Spaces just before his arrest, when he said he didn't think he'd be detained if he returned to the US.

Bankman-Fried faces allegations that he illegally misused billions of dollars of customer funds to help out his high-risk trading firm, Alameda Research.