Batik cryptocurrency company FTX gave new information about the bankruptcy process in its message published on its official Twitter account.
FTX Sets With Kroll for Processes of Creditors in Bankruptcy Process
In its tweet on the matter, the company said:
“FTX Group has designated Kroll as the compensation agent and all official documents have been submitted to the USA.”
Press Release:
FTX Group has established Kroll as its claims agent, and all official documents filed with the US Bankruptcy Court can be found online at https://t.co/7Bsn9Ggckf. pic.twitter.com/OFuCmlJXgJ
— FTX (@FTX_Official) November 17, 2022
Introducing itself as a cryptocurrency investigation, asset recovery and compliance solutions company, Kroll explained the following on its official website:
“On November 11, 2022 and November 14, 2022, FTX Trading Ltd. and each of the 101 affiliated debtors (collectively “Borrowers”) filed a voluntary petition for resolution under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Cases are pending before Mr. John T. Dorsey, Debtors Case No. They requested joint management of cases under 22-11068.”
Kroll describes the services it offers on its official website as follows:
“Hacking, theft and fraud investigations to identify malicious individuals, trace funds, retrieve stolen items, and fix identified vulnerabilities
For example, restructuring and bankruptcy powers to secure, protect and return assets to the creditors of distressed cryptocurrency exchanges and trading platforms
Due diligence and business intelligence solutions to better inform investments in the cryptocurrency and blockchain market, assess the source of cryptocurrency wealth, and help companies make critical business decisions with confidence.”
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!