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FTX Gets Approval To Pay Critical Vendors, Can Redact Creditors’ and Customers’ List

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The Bankruptcy Court for the District of Delaware has granted FTX approval for all its first-day motions, including paying critical vendors up to $8.5 million, a Nov. 23 court filing shows.

The court filing revealed that the bankrupt exchange was granted the right to pay its critical vendors up to $8.5 million upon authorization from its chief executive officer John Ray III.

The court also granted the embattled exchange rights to pay its foreign vendor claims up to $1 million.

The bankrupt firm had initially requested approval to pay all its critical vendors up to $9.3 million in interim orders and $17.5 million upon the final order. However, the court granted it the right only to make payments not exceeding $8.5 million.

(by Oluwapelumi Adejumo)

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