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FTX resolves dispute with Bahamian liquidators
Bankrupt crypto exchange FTX Trading on Tuesday announced a settlement with liquidators for FTX’s Bahamas unit, resolving a long-simmering dispute over whether the company’s U.S. bankruptcy proceedings should take precedence over the Bahamian liquidation. FTX and FTX Digital Markets have agreed to pool their assets and harmonize their approach to valuing customer claims to ensure equal treatment for customers in either country’s insolvency process. The settlement will allow most customers of FTX.com’s international crypto exchange to choose whether to seek repayment from either the U.S. bankruptcy or the ... (full story)