United

Coin

<ul class="news-points"> 
 <li>FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit.</li> 
 <li>Both entities will pool their assets and use a unified approach to value customer claims.</li> 
 <li>Customers of FTX can now choose whether to seek repayment from the U.S. bankruptcy or the Bahamian liquidation.</li> 
</ul> 
Bankrupt <a href="https://coinedition.com/tag/ftx-news/">cryptocurrency exchange FTX</a> has resolved the lingering issue with liquidators on how to treat their Bahamas unit. The bankrupt company recently settled on how to repay customers from their Bahamas unit. 
According to <a href="https://www.reuters.com/technology/ftx-digital-markets-reaches-settlement-with-debtors-2023-12-19/" target="_blank" rel="nofollow">reports</a>, FTX and FTX Digital Markets have agreed to work together by pooling their assets and using a unified approach to value customer claims. This will ensure that customers from the United States and the Bahamas receive equal treatment. The agreement would also allow FTX customers to choose whether to seek repayment from the U.S. bankruptcy or the Bahamian liquidators. 
FTX’s new CEO, John Ray, confirmed the recent agreement as a significant milestone in the company’s repayment process. He noted that one of the toughest challenges his team has faced is the conflicting filings of the FTX Debtors and FTX Digital Markets. However, he said they r…
The post <a href="https://coinedition.com/ftx-and-bahamas-liquidators-agree-on-new-bankruptcy-terms/">FTX and Bahamas Liquidators Agree on New Bankruptcy Terms</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTX and Bahamas Liquidators Agree on New Bankruptcy Terms

Coin Edition

Other articles published on Dec 20, 2023

Just-In: Major Terra Luna Classic (LUNC) Proposal In Governance Voting Stage

Binance at a crossroads!

24 Crypto Update, 19 Dec: Market Lingers in a Narrow Trading Zone

Over 40 Countries Forge Ahead with Cryptocurrency Regulation and Legislation: PwC

Bybit Expands Audit to Confirm Backing of Assets and Highlight Transparency

CryptoQuant Analysts Saying "Bitcoin Is Bullishly Proceeding Smoothly" Announced Their Short, Med...

Join our free newsletter for daily crypto updates!