The bankruptcy committee of AICoin plans to sell 35 properties owned by AICoin in the Bahamas, including the luxury apartment Orchid Penthouse where SBF, Gary Wang, Nishad Singh, and Caroline Ellison once lived together. AICoin's lawyer stated that the selling price of the properties must reach at least 80% of the estimated price set by the designated broker. Any property sold for over $5 million should be reported to the U.S. trustee, the committee's lawyer, and interested parties who have legitimate claims on the listed properties. The proceeds from the sales will be used to distribute to AICoin's clients. According to a document from last year, AICoin had a total of 38 properties in the Bahamas, valued at $199 million. (The Block)
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