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FTX Liquidators: Employees Keep Jobs

NASSAU, BAHAMAS – Local staffers of FTX Digital will remain employed with the now imploded crypto currency exchange, at least for now.

Published

2 years ago

December 1, 2022

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NASSAU, BAHAMAS – Local staffers of FTX Digital will remain employed with the now imploded crypto currency exchange, at least for now.

Joint provisional liquidators for the now bankrupt company confirming in a statement late Wednesday afternoon they have not made any redundancies, and that employees who remained to the date of the provisional liquidation order and had not resigned or indicated their intention to resign, will continue to be retained until further notice.

Liquidators say they are now focused on addressing employee issues and concerns and thanked them for their understanding and cooperation.

While they are still working on gaining full access to FTX Digital’s information, they say their efforts have been hampered by their lack of access to the local company’s books and records, particularly customer information, stored on cloud-based servers.

In addition to trying to re-establish access, liquidators have made application in the United States under chapter 15 of the U.S. Bankruptcy Code.

The court appointed liquidators saying they intend to enter discussions with the debtors in possession under the chapter 11 proceedings in the U.S. in order to seek to agree a protocol for information sharing.