FTX Reaches Bankruptcy Cooperation Deal With Bahamas Liquidators
- The proposal would end liquidation fight between US, Bahamas
- Restructuring professionals were locked in courtroom standoff
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Bahamian liquidators and the US team overseeing the bankrupt FTX crypto empire struck a deal to end most of their legal disputes, the two sides said Friday.
Under the proposal, the two sides will share information about the firm’s crypto assets, dispose of various properties owned by FTX units and cooperate to try to collect as much money as possible for creditors, according to a statement.