FTX
FTX Bahamas Unit Reaches Agreement With U.S. Team on Pooling, Distributing Assets
Once the courts have agreed, FTX Digital Markets will take the lead in the realization of real estate and other assets in the Bahamas and FTX Debtors will take the operational lead in “all other recovery activities including any sale transaction involving the FTX.com exchange and realisation of intellectual property.” Source link
FTX Files Reorganization Plan to End Bankruptcy
In the new proposal, creditor and customer claims are classed according to the priority the estate plans to give them, and the value of claims will be calculated based on asset prices as of the date the company filed for bankruptcy. In a separate statement, the estate said the plan was designed to “maximize and…
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
U.S. Judge John Dorsey, from the Delaware Bankruptcy Court, scheduled a hearing for early next year to calculate the crypto exchange’s debt to the IRS, a sticking point that has stagnated efforts to remunerate the exchange’s many victims. As FTX’s largest creditor, the IRS’ claim must be resolved before FTX victim’s can recover their losses….
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government’s claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing. Source link