Connect with us

FTX Reaches Agreement with Bahamian Liquidators

FTX Reaches Agreement with Bahamian Liquidators

Education

FTX Reaches Agreement with Bahamian Liquidators


FTX has entered into a settlement with liquidators
for its Bahamas-based unit. This agreement involves the consolidation of assets and
adopting a unified approach to valuing customers’ claims.

According to a statement shared with PR Newswire,
this settlement allows customers of FTX to select their repayment route from
either the U.S. bankruptcy or Bahamian liquidation proceedings.

Peter Greaves, the Joint Official Liquidator,
mentioned: “This continues to be an exceptionally complex insolvency with
a myriad of jurisdictional, technical and practical challenges to work
through.

“For the millions of customers of the FTX
Group, based across 230 jurisdictions, this is a landmark breakthrough allowing
for collaboration in the monetization of assets and the adjudication of
customer claims, with an approach that provides a roadmap to accelerate the
return of funds to customers.”

Expect ongoing updates as this story evolves…

FTX has entered into a settlement with liquidators
for its Bahamas-based unit. This agreement involves the consolidation of assets and
adopting a unified approach to valuing customers’ claims.

According to a statement shared with PR Newswire,
this settlement allows customers of FTX to select their repayment route from
either the U.S. bankruptcy or Bahamian liquidation proceedings.

Peter Greaves, the Joint Official Liquidator,
mentioned: “This continues to be an exceptionally complex insolvency with
a myriad of jurisdictional, technical and practical challenges to work
through.

READ ALSO:  It Had to Happen – Robberies Were Faked to Create Real Visas for ‘Crime Victims’

“For the millions of customers of the FTX
Group, based across 230 jurisdictions, this is a landmark breakthrough allowing
for collaboration in the monetization of assets and the adjudication of
customer claims, with an approach that provides a roadmap to accelerate the
return of funds to customers.”

Expect ongoing updates as this story evolves…


#FTX #Reaches #Agreement #Bahamian #Liquidators

Source link

Continue Reading
Advertisement
You may also like...

More in Education

To Top