FTX Debtors and Liquidators Reach Global Settlement!

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

December 19, 2023 20:50

FTX Trading Ltd., also known as FTX.com, and its affiliated debtors have reached a settlement with a joint liquidator (JOL) representing its liquidated subsidiary, FTX Digital Markets Ltd., in the Bahamas. The agreement, called the Global Settlement Agreement, aims to resolve complex cross-border legal issues arising from the collapse of FTX Group. The settlement allows FTX.com customers to elect to adjust and pay claims in the FTX Debtor’s Chapter 11 case or liquidation proceedings against FTX Digital Markets in the Bahamas.