The Turkish subsidiary of the bankrupt cryptocurrency exchange FTX, FTX TR, has been approved by the judge to be excluded from the scope of the ongoing bankruptcy case in the USA.
Delaware Court, which conducted the FTX case, ruled that FTX’s Turkey subsidiary exclusion from the case Confirmed. As a justification for this decision, the authorities in Turkey Less likely to cooperate with US courts was put forward. The decision in question, the bankruptcy judge John T Dorsey by on Monday, February 13 approved.
FTX and a subsidiary of Alameda Research of SNG Investments of FTX TR 80% Turkish authorities, a few days after the bankruptcy of the company, although it owns the shares of FTX TR confiscation of all assets had given the order.
FTX had requested that the Turkish subsidiary be excluded from the scope of the lawsuit, stating that the Turkish authorities were unlikely to comply with the litigation guidelines. In addition, in the said hearing, the parent company Turkish legal system in the scope of to sue may also continue with some Turkish creditors in local courts through legal means information was included.