Court documents filed by the liquidators show that FTX Digital Markets Ltd, the Bahamian arm of FTX, appears to have confused corporate funds with client funds, with approximately $137 million of client assets subject to limited controls and governance and not segregated. Of the total balance of $219.5 million held by FTX Digital, $21.5 million has been liquidated by liquidators and another $54.5 million is awaiting handover to them, the filing said. Another $143.2 million held in U.S. accounts has been seized by the Justice Department, and other funds have been disputed until the Bahamas' bankruptcy was recognized in the U.S.