FTX’s U.S. leadership and the company’s Bahamas wing’s court-appointed liquidators have formed a cooperation agreement addressing how assets may be inventoried and disposed of, among other issues, a press release Friday said.
FTX Trading, which is the entity behind the FTX.com exchange, filed for bankruptcy in the U.S. last November, while FTX Digital Markets, a Bahamas-based entity, entered liquidation proceedings the same month. The joint provisional liquidators in the Bahamas and FTX Trading’s U.S. leadership had butted heads over the past few weeks, alleging interference with their respective proceedings.
In Friday’s statement, FTX CEO John Ray III said the joint provisional liquidators had “constructive meetings” with his team in Miami this week.
“There are some issues where we do not yet have a meeting of the minds, but we resolved many of the outstanding matters and have a path forward to resolve the rest,” he said.
Brian Simms, one of the liquidators, likewise said he “looked forward” to working with the U.S. bankruptcy managers.
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