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FTX Lawyers Accuse Bankman-Fried of Undermining Bankruptcy

  • SBF Trying to Avoid US Courts in Favor of Bahamas: Filing
  • FTX US Bankruptcy Lawyers Seek to Consolidate Case in Delaware
Bloomberg business news
FTX Drama: Investors Assess What's Next for Crypto
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Embattled cryptocurrency mogul Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting” that appears aimed at moving assets away from the control of a US court in favor of one in the Bahamas, US lawyers for the bankrupt crypto platform FTX said in a court filing.

FTX, which is now under the control of John J. Ray III -- a restructuring lawyer who oversaw the liquidation of Enron -- asked a federal judge in Wilmington, Delaware, to transfer a competing bankruptcy case filed in New York by Bahamian liquidators to Delaware.