1 year ago
The committee would play a relation successful representing creditors who mislaid funds oregon were different affected by the downfall of FTX, reported to beryllium 1 cardinal people.
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A United States Trustee has announced 9 creditors to the committee liable for portion of crypto speech FTX’s bankruptcy proceedings.
According to tribunal documents filed Dec. 15, U.S. Trustee Andrew Vara named crypto marketplace shaper Wintermute Asia among those connected the ‘Committee of Unsecured Creditors’. Other creditors included idiosyncratic investors, crypto hedge money Coincident Capital, GGC International — an affiliate of lending level Genesis — Pulsar Global, Wincent Investment Fund, and Octopus Information.
The committee would play a relation successful representing creditors who mislaid funds oregon were different affected by the downfall of FTX. The firm’s bankruptcy filing connected Nov. 11 suggested determination whitethorn beryllium 1 cardinal creditors.
The assignment of the creditors preceded a Dec. 16 hearing connected FTX’s bankruptcy expected to code the crypto exchange’s $135-million woody successful 2021 to rename the Miami Heat stadium arsenic the FTX Arena. At the clip of publication, the venue inactive featured the FTX logo and branding, contempt the steadfast filing for Chapter 11 bankruptcy connected Nov. 11. Another bankruptcy proceeding successful the District of Delaware is expected connected Jan. 11.
Related: FTX Bahamas co-CEO Ryan Salame blew the whistle connected FTX and Sam Bankman-Fried
Former FTX CEO Sam Bankman-Fried — not a portion of the bankruptcy proceedings — was remanded to the Bahamas’ Fox Hill Prison pursuing a Dec. 13 bail hearing. He presently faces charges from the U.S. Justice Department, Commodity Futures Trading Commission, and Securities and Exchange Commission related to defrauding investors and lenders.
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