FTX lawyer James Bromley mentioned on the FTX chapter listening to on Tuesday. The Bahamas court-appointed liquidators for FTX have agreed to switch the associated circumstances they filed in New York to Delaware, the place the corporate has filed for chapter safety.
The Securities Fee of the Bahamas introduced final week that it had ordered the switch of property held in FTX’s encrypted wallets to government-controlled wallets final Saturday. James Bromley reiterated that the proof in its possession indicated that property had been transferred from the debtor’s property to the Bahamas.
What have to be stored in thoughts as we cope with any of those international entities, and with respect to any regulator or liquidator that could be appointed, is that we’re specializing in one phrase, reciprocity, Bromley mentioned.