63 FTX Digital Markets Employees to be Made Redundant

NASSAU, BAHAMAS – Sixty-three FTX Digital Markets employees will be made redundant “due to the decrease in work at FDM,” effective January 31, 2023, according to a memorandum signed by the joint provisional liquidator.

The notice of intended redundancy, signed by Peter Greaves for an on behalf of FTX Digital Markets Limited, notes that the liquidators have been unable to find a suitable alternative or identify any measure that would avoided this decision.”

 The redundancy “shall be effective 31st January 2023 as a result of the provisional liquidation and the affected employees shall be provided with individual termination letters in due course. The redundancy takes effect January 31, 2023, and affected employees will be provided individual termination letters”.

Employees are asked to return all company property in their possession, including records, cars, laptops, and cellphones by January 19, 2023.