FTX, Bahamas FTX DM reach agreement to share information, dispose of property, assets of Cointelegraph
FTX, Bahamas FTX DM reach agreement to share information, dispose of property, assets of Cointelegraph
#FTX #Bahamas #FTX #reach #agreement #share #information #dispose #property #assets #Cointelegraph Welcome to Alaska Green Light Blog, here is the new story we have for you today:
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FTX Debtors, comprised of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), FTX’s Bahamian subsidiary, announced on January 6 that they have entered into a cooperation agreement regarding FTX Debtors’ Chapter 11 bankruptcy proceedings in Delaware and the preliminary liquidation of FTX DM in the Bahamas.
Under the terms of the agreement, the parties will “share information, secure and return property to their estate, coordinate litigation against third parties, and consider strategic alternatives to maximize recovery from stakeholders.” They have also set parameters for cooperation in each other’s legal proceedings.
