1 year ago
Bahamas Securities Commission revealed that the country’s ultimate tribunal has approved the assignment of Kevin Cambridge and Peter Greaves of PricewaterhouseCoopers arsenic the provisional liquidators of the assets of bankrupt crypto speech FTX, according to a Nov. 14 press statement.
The property connection revealed that Brian Simms was appointed the court-supervised provisional liquidator connected Nov. 10.
According to the fiscal regulator, it recognizes the “magnitude, urgency, and planetary implications” of FTX’s capitulation; arsenic such, it had to “swiftly” usage its regulatory powers to “further support the interests of clients, creditors, and different stakeholders globally of FTX Digital Markets Ltd.”
The Commission besides expressed willingness to enactment with different regulatory agencies arsenic the lawsuit was “multijurisdictional successful nature.”
FTX has its office successful the Bahamas and is presently nether probe by section authorities. The section securities regulator denied allowing FTX to resume withdrawals successful the state and said it has frozen the bankrupt exchange’s assets.
FTX says its creditors are supra 1 million
In a abstracted Nov. 14 tribunal filing, FTX said it could perchance person much than 1 cardinal creditors alternatively of the 100,000 it had antecedently stated, and requested the tribunal let it to record a consolidated database of its apical 50 creditors earlier Nov. 28.
Meanwhile, the tribunal filing revealed that caller autarkic directors had been appointed for each of the main genitor companies successful the FTX group. The caller directors are:
- Joseph J. Farnan, Jr. astatine FTX Trading Ltd., who volition service arsenic pb autarkic director
- Matthew A. Doheny astatine FTX Trading Ltd.
- Mitchell I. Sonkin astatine West Realm Shires Inc.
- Matthew R. Rosenberg astatine Alameda Research LLC; and
- Rishi Jain astatine Clifton Bay Investrnents LLC
Meanwhile, the Financial Times reported that FTX’s bankruptcy proceedings had stalled arsenic it had not formally filed its first-day motions to commence proceedings.
The station Bahamas ultimate tribunal appoints liquidators for FTX assets appeared archetypal connected CryptoSlate.
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