Stay updated with breaking news from Brian Simms. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The joint provisional liquidators (JPLs) overseeing the winding up of cryptocurrency exchange FTX Digital Markets yesterday fired back at FTX’s US debtors, who are seeking to strip them of any claim or access to FTX’s assets. In a motion filed in Delaware’s bankruptcy court, the JPLs argued that the US debtors’ adversary proceeding was “abrupt”.
Remember to use those turn signals and pay attention as you come to intersections where the light may be out or malfunctioning.
Peter Greaves, one of the court appointed joint provisional liquidators overseeing cryptocurrency exchange FTX Digital Markets, said yesterday the JPLs are exploring the “possible resuscitation” of the FTX trading platform. On Wednesday, US bankruptcy judge John Dorsey granted the JPLs’ request for Chapter 15 bankruptcy recognition. Chapter 15 bankruptcy allows US and foreign bankruptcy courts
The joint provisional liquidators overseeing the provisional liquidation of FTX Digital Markets are seeking to extend the liquidation for six months to, among other things, “maximize returns” to FTX customers. “Ordinarily, it might be expected that a provisional liquidation outcome would be concluded within six months of a petition date,” the JPLs wrote in their
NASSAU, BAHAMAS — Some 100 Bahamian companies including a local bank, two Bahamian law firms, and several security firms are listed among the myriad of creditors wrapped up in the collapse of crypto exchange giant FTX, court documents filed in a US Bankruptcy court have revealed. The 115-page doc