FTX, Bahamian FTX DM attain agreement on facts sharing, disposition of property, sources

FTX, Bahamian FTX DM attain settlement on recordsdata sharing, disposition of property, property

The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, launched Jan. 6 that they’ve reached a cooperation settlement relating to the FTX Debtors’ Chapter 11 financial ruin case in Delaware and the provisional liquidation of FTX DM in the Bahamas.

Below the settlement, the parties will “half recordsdata, salvage and return property to their estates, coordinate litigation in opposition to third parties and discover strategic doable picks for maximizing stakeholder recoveries.” They’ve also position parameters for cooperation in one but another’s court conditions.

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