FTX files spin to exclude its Dubai unit from monetary danger complaints

FTX files spin to exclude its Dubai unit from monetary danger complaints

Bankrupt crypto exchange FTX has filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the United States. In a court filing on Aug. 2, FTX argued that its Dubai unit didn’t conduct any business before the bankruptcy filing; thus, the subsidy is unlikely to rehabilitate its operations. The court