• Fri. Sep 29th, 2023



The court on the Bagams approved the liquidators of the FTX assets


Dec 22, 2022

The court on the Bagams approved the liquidators of the FTX assets

The Supreme Court of the Bahamas, granted the request of the Securities Commission on the appointment of temporary liquidators FTX Digital Markets (FDM).

According to the press release, they were appointed Kevin Cambridge and Peter Gryvz from the audit company PricewaterhouseCoopers. The supervision will be carried out by the senior partner of the Lennox Parton law firm Brian Simms – head https://gagarin.news/news/no-vasil-for-now-cardanos-hard-fork-update-postponed/ of the bankruptcy and restructuring group.

“Given the scale, urgency and international consequences of unfolding events around the FTX, the commission has passed to the exercise of its authority in accordance with the law for further protection of customers, creditors and other interested parties,” the department said.

In the near future, the commission plans to establish interaction with other supervisory authorities, since “the event has a multinational character”.

The regulator does not intend to limit himself to the FDM Bagams, the statement said. We can talk about FTX TRADING, ALAMEDA Research and other affiliated organizations, since their leadership is allegedly on the territory of jurisdiction.

The department also announced the “full support” of the police, if it is required.

Recall, on November 11, the maternal company FTX, Alameda Research and about 130 more affiliated firms have submitted bankruptcy proceedings.

On the same day, the commission blocked the assets of FDM and other legal entities related to the company, as well as suspended the license.

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