{"id":8443,"date":"2023-12-19T15:40:46","date_gmt":"2023-12-19T15:40:46","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8443"},"modified":"2023-12-19T15:40:46","modified_gmt":"2023-12-19T15:40:46","slug":"settlement-for-ftx-in-bahamas","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/settlement-for-ftx-in-bahamas\/","title":{"rendered":"Settlement for FTX in the Bahamas!"},"content":{"rendered":"

According to an announcement made today, the bankrupt cryptocurrency company FTX has reached a settlement with the liquidation officers appointed on behalf of the company during the liquidation process of its branch in the Bahamas.<\/p>\n

This agreement between the parties offers a solution in favor of both sides in order to cope with international legal challenges related to the collapse of the FTX group. Within the scope of the settlement, cooperation will be made on the collection of assets and the creation of reserves, which will allow simultaneous refund to users.<\/p>\n

You may be interested:\u00a0Cryptocurrency Exchange Binance Starts NFPrompt Launchpool Opportunity!<\/a><\/p>\n

The valuation of cryptocurrencies owned by the customers who are creditors from the exchange will be made according to the date the bankruptcy application was made.<\/p>\n

FTX.com customers should be cautious that the Global Settlement Agreement has not been approved by any court and can change concretely.<\/em><\/p><\/blockquote>\n

FTX CEO John J. Ray III continued his sentence by stating that he thinks about his customers:<\/p>\n

I’m excited that we were able to reach a settlement that is so clearly in the interest of the customers.<\/em><\/p><\/blockquote>\n

Last weekend, new management of FTX along with new CEO John J. Ray III applied to court in the US with a proposal to end the bankruptcy process.<\/p>\n

In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019 t forget to follow us on\u00a0Telegram<\/strong><\/a>, YouTube\u00a0 <\/strong><\/a>and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to an announcement made today, the bankrupt cryptocurrency company FTX has reached a settlement with the liquidation officers appointed on behalf of the company during the liquidation process of its branch in the Bahamas. This agreement between the parties offers a solution in favor of both sides in order to cope with international legal<\/p>\n","protected":false},"author":1,"featured_media":8442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[496,3076,3075],"class_list":["post-8443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-ftx","tag-ftx-ceo","tag-ftx-development"],"yoast_head":"\nSettlement for FTX in the Bahamas! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"According to an announcement made today, the bankrupt cryptocurrency company FTX settled with liquidation officers for its Bahamas branch.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/settlement-for-ftx-in-bahamas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Settlement for FTX in the Bahamas! 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