Bankrupt cryptocurrency company FTX reached a settlement with liquidators on behalf of the company’s branch in the Bahamas, according to the statement made today.
According to the statement, the agreement reached between the parties was “A mutually beneficial solution to international legal challenges arising from the collapse of the FTX group” brings.
The parties will cooperate in pooling assets and creating reserves so that users can be refunded simultaneously.
Evaluation of cryptocurrencies belonging to customers who are creditors from the exchange, date of filing for bankruptcy It will be done accordingly.
In the statement, “FTX.com customers should be wary that the Global Settlement Agreement has not been approved by any court and may change materially.” emphasis was made.
FTX CEO John J. Ray III said: “I am thrilled that we were able to reach a compromise that is so clearly in the customers’ best interests.” said.
FTX’s new management applied to the court in the USA this weekend with a proposal to end the bankruptcy process.