Bahamas regulator issues statement regarding FTX’s bankruptcy proceedings
The Securities Commission of The Bahamas has issued a statement with respect to the motion by FTX Trading to transfer the venue of the Chapter 15 proceedings.
The Securities Commission of The Bahamas has issued a statement with respect to the motion by FTX Trading to transfer the venue of the Chapter 15 proceedings.
The Monetary Authority of Singapore (MAS) has addressed some questions that have arisen in the wake of the FTX debacle.
FTX EU Ltd is the Cyprus based entity set up earlier this year by the company to become its base for EU operations.
FTX says it has many foreign creditors who may not be well versed in the protections and restrictions of the Bankruptcy Code.
Until December 19 FTX Australia can continue to provide limited financial services for the termination of existing derivatives with clients.
Any FTX customers who have financial concerns can receive free, impartial financial guidance from Moneyhelper.
As of September 30, 2022, Silvergate’s total deposits from all digital asset customers totaled $11.9 billion, of which FTX represented less than 10%.
FTX Trading Ltd has commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.