Disagreements between the bankrupt FTX Trading (in U.S. bankruptcy) and the liquidators of the Bahamas organization, FTX Digital Markets, have been largely resolved, according to an announcement on Friday. Previously there has been considerable distrust between the parties involved in the bankruptcy of the cryptocurrency exchange, with the U.S. side making allegations against the Bahamas. For example, it alleged that the Securities Commission of the Bahamas (the Commission) was involved in minting new FTT tokens and transferring digital assets after it triggered the liquidation procedures.
Now the two sides have agreed to cooperate in the chapter 11 cases of FTX Trading in Delaware and the provisional liquidation of FTX Digital Markets in the Bahamas.
This will involve:
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
