1 year ago
During the FTX proceeding connected Dec. 16, FTX liquidators requested for the “Bahamian ineligible strategy to beryllium respected” successful narration to the ongoing bankruptcy lawsuit successful the United States (US), portion besides denying allegations of immoderate “improper conduct” connected the portion of the Bahamas.
The FTX debtors sought to person the Creditors’ record unsealed, citing “significant advancement successful identifying assets.” They besides stated that they bash not entity to media outlets specified arsenic the New York Times and Bloomberg intervening successful the unsealing of idiosyncratic creditors.
James Bromley, a Partner successful Sullivan & Cromwell’s Financial Restructuring Group, shared details of a gathering betwixt debtors and liquidators from the Bahamas that took spot connected Dec. 15. Although nary conclusive solutions were reached, Bromley reported that determination was a “productive speech of views” and the steadfast hopes to find a solution anterior to the Jan. 6 hearing.
Jason Zakia, a Partner astatine the planetary instrumentality steadfast White & Case, informed the members of the proceeding that the connection made to the debtors addresses each the issues raised by Bromley earlier successful the week. Zakia stated that the Bahamas hopes the debtors volition judge it successful “good faith.”
For much updates astir the case, delight spot our latest post, “What to expect from FTX’s 2nd bankruptcy proceeding today; LedgerX sale, doxing creditors, custody of funds.”
The station FTX bankruptcy case: Bahamas denies improper conduct, seeks respect for ineligible system appeared archetypal connected CryptoSlate.
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