FTX Bankruptcy: U.S. Courts Assert Control Over Disputed Assets and Customer Privacy
TL;DR Summary
A U.S. Bankruptcy Judge has rejected a request to relinquish control over FTX's $7.3 billion in disputed assets to Bahamian liquidators during a bankruptcy hearing. The judge stated that the core jurisdictional issue is whose assets they are, and he would not defer a core jurisdictional issue to a foreign court. The judge has not yet made an official ruling on the matter and plans to do so on June 9.
- FTX Bankruptcy Judge Says U.S. Courts Should Have Full Control Over $7.3B in Disputed Assets CoinDesk
- Judge in FTX bankruptcy rejects media challenge, says customer names can remain secret The Washington Post
- FTX U.S. judge expresses doubts about parallel Bahamian bankruptcy Reuters
- FTX's US Judge Vows to Keep Control of Crypto in Blow to Bahamas Bloomberg
- 'Impossible situation' fear on FTX Bahamas wind-up Bahamas Tribune
- View Full Coverage on Google News
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