Simms has asked the court for provisional relief including the recognition of Bahamian bankruptcy and liquidation proceedings, and orders entrusting FTX’s assets located in the U.S. to Bahamian liquidators, authorizing “urgent discovery measures,” and preventing any of FTX’s assets to be “transfer[ed], encumber[ed] or otherwise dispose[d] of.”
Related posts
-
El Salvador Is Getting Its First Tokenized U.S. Treasuries Offering
The new product aims to give access to T-Bill investments for individuals and organizations who were... -
After Binance’s Costly Lesson, Do Rival Crypto Exchanges Risk Running Afoul of U.S. Rules?
Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S.,... -
Bitcoin's Correlation to U.S. Equities and Ether Weakens: Van Straten
The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around...