FTX Reaches Agreement with Local Liquidators

NASSAU, BAHAMAS – The court-appointed joint provisional liquidators for FTX Digital Markets and CEO John Ray III have reached an agreement to access data after a weeks-long back and forth between both sides. 

In a statement, FTX said: Under the cooperation agreement, the parties commence work together to share information, secure and return property to their estates, coordinate litigation against third parties, and explore strategic alternatives for maximizing stakeholder recoveries. 

Additionally, the parties have agreed on parameters for involving FTX Digital Markets in the Chapter 11 cases and for involving the FTX debtors in proceedings in The Bahamas. 

Both parties have agreed on the disposition of real estate in The Bahamas in a process operationally led by the joint provisional liquidators and overseen by the courts in both jurisdictions.

The statement adds, the parties are comfortable the digital assets have been appropriately safeguarded by the securities commission as restructuring discussions continue.