FTX Debtors and FTX DM (Bahamas) Announce Cooperation Agreement
WILMINGTON, Del. and NASSAU, Bahamas, Jan. 6, 2023 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the "FTX Debtors"), and FTX Digital Markets Ltd. ("FTX DM"), acting by the Joint Provisional Liquidators (Brian Simms, K.C., Peter Greaves and Kevin Cambridge), today announced their agreement on terms for mutual cooperation in the chapter 11 cases of the FTX Debtors in Delaware and the provisional liquidation of FTX DM in The Bahamas.
- FTX.com), and its affiliated debtors (together, the "FTX Debtors"), and FTX Digital Markets Ltd. ("FTX DM"), acting by the Joint Provisional Liquidators (Brian Simms, K.C., Peter Greaves and Kevin Cambridge), today announced their agreement on terms for mutual cooperation in the chapter 11 cases of the FTX Debtors in Delaware and the provisional liquidation of FTX DM in The Bahamas.
- The parties have agreed on parameters for involving FTX DM in the chapter 11 cases and for involving the FTX Debtors in proceedings in The Bahamas.
- The agreement is subject to the approval of the U.S. Bankruptcy Court in Delaware and the Supreme Court of The Bahamas.
- The FTX Debtors will file the Agreement on the docket in the chapter 11 cases shortly, and it will be available at https://cases.ra.kroll.com/FTX/ .