Thursday, 5 March, 2026
FTX and FTX DM (Bahamas) Agree to Coordinate on Bankruptcy Proceedings, Asset Recovery
By Basit Ansari
<p>FTX, U.S. based bankruptcy team, have agreed to coordinate with liquidators winding down the crypto exchange's operations in the Bahamas. The dispute threatened the recovery of what could be billions of dollars in lost funds. John Ray, who took control of FTX after founder Sam Bankman-Fried resigned in November, had accused liquidators of colluding with him.A U.S. Chapter 11 proceeding was filed in Delaware, including more than 100 FTX entities including FTX Trading.</p>
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Read full story at Economic Time
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