FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram

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FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram

FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram

FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram Josh O’Sullivan · 1 month within the past · 1 min read

FTX liquidators set a matter to respect for Bahamian lawful diagram in ongoing US financial damage case and dispute unhealthy conduct.

1 min read

Up to this level: December 16, 2022 at 9:42 pm

FTX financial damage case: Bahamas denies unhealthy conduct, seeks respect for lawful diagram

Quilt art/illustration by capacity of CryptoSlate

At some level of the FTX hearing on Dec. 16, FTX liquidators requested for the “Bahamian lawful diagram to be respected” in the case of the continuing financial damage case within the United States (US), while also denying allegations of any “unhealthy conduct” on the fragment of the Bahamas.

The FTX debtors sought to salvage the Collectors’ file unsealed, citing “critical development in identifying sources.” Moreover they stated that they create out no longer object to media stores such as the Contemporary York Instances and Bloomberg intervening within the unsealing of particular person creditors.

James Bromley, a Accomplice in Sullivan & Cromwell’s Monetary Restructuring Group, shared exiguous print of a assembly between debtors and liquidators from the Bahamas that took area on Dec. 15. Even when no conclusive solutions were reached, Bromley reported that there used to be a “productive commerce of views” and the company hopes to search out a decision sooner than the Jan. 6 hearing.

Jason Zakia, a Accomplice at the area regulation company White & Case, urged the participants of the hearing that the proposal made to the debtors addresses the total failings raised by Bromley earlier within the week. Zakia stated that the Bahamas hopes the debtors will bag it in “correct religion.”

For more updates in regards to the case, please focus on our latest post, “What to await from FTX’s 2d financial damage hearing nowadays; LedgerX sale, doxing creditors, custody of funds.”

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