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Bahamas FTX Liquidators Agree To Transfer Bankruptcy Case to Delaware

1 min read Original Link

Court-appointed liquidators overseeing collapsed crypto exchange FTX's assets in the Bahamas have agreed to transfer a related case they'd filed in New York to Delaware, where the company had already filed for bankruptcy protection.

While the embattled company FTX Trading Ltd. had filed for chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Nov. 11, the Bahamian liquidators later filed a chapter 15 suit in the Southern District of New York for FTX Digital Markets, one of the companies under the broader FTX umbrella and the name of the entity located in The Bahamas. The liquidators at the time said FTX, which was headquartered in the Bahamas, was not allowed to file for bankruptcy in the U.S.

(by Sandali Handagama)

# Bahamas # FTX

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