In my view FTX chose to incorporate in the Bahama's for a reason, and that reason wasn't the transparency and integrity of the Bahamian legal system.
They incorporated in "Antigua and Barbuda", which is a very seperate country. The only relationship FTX has with Bahamas, is the location of their headcounters, and a single wholly-owned subsidiary that probably didn't hold much in the way of funds.
This is the entity (alongside the physical presence of SBF) by which the Bahamas are arguing they have jurisdiction over the FTX bankruptcy proceedings.
The Bahamas has the only relationship that actually mattered: apparently SBF was physically in their custody.
Why is Antigua and Barbuda in quotes here?