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FTX peace terms approved by Bahamas and Delaware

THE peace deal between FTX’s Bahamian liquidators and their former US adversary has been approved by both the Supreme Court and Delaware Bankruptcy Court, it has been revealed.

FTX US chief feared $9bn Bahamas ‘risk’

FTX’s US chief has admitted he feared a “risk” that the crypto exchange’s Bahamian liquidators “could be awarded material” sums on their $9bn-plus claim if he failed to settle their dispute.

‘Landmark breakthrough’: FTX Bahamas strikes new Ray deal

FTX’s Bahamian liquidators yesterday hailed the settlement reached with their US counterpart as “a landmark breakthrough” that will avoid “years of protracted litigation” which would cost creditors dearly.

FTX Chapter 11 plan needs Bahamas deal

Plans to bring FTX out of bankruptcy protection in the US cannot be finalised without agreement with their Bahamian counterparts as “ongoing good faith negotiations” between the two sides continue.

FTX Bahamas signals fresh Ray ‘progress’

FTX Bahamas’ liquidators and their US adversary yesterday suspended all scheduled legal filings as they bid to resolve their dispute outside the courtroom.

FTX executive violated work permit restrictions

An FTX executive breached Bahamian Immigration regulations by working outside the scope of his work permit, court documents have revealed.

Bahamian’s action on $28m FTX aircraft ‘nonsensical’

FTX’s US chief yesterday branded a Bahamian entrepreneur’s bid to protect his rights over aircraft worth $28m as “nonsensical” and sought to dismiss his “oral ‘handshake deal’” with Sam Bankman-Fried.

Bahamian battles FTX chief on $28m aircraft

A BAHAMIAN aviation entrepreneur yesterday launched legal action against FTX’s US chief to safeguard his ownership interest in two aircraft valued at a combined $28m

FTX MEETING CLAIM DENIED BY PM OFFICE: US chief says founder’s father was to meet Davis - but PM was in Egypt

The Prime Minister’s Office last night refuted claims that he was due to meet Sam Bankman-Fried’s father on the day FTX imploded because he was away battling on The Bahamas’ behalf against climate change.

FTX Bahamas $9bn claim is ‘redundant’

FTX’s US chief yesterday dismissed the $9.15bn claim submitted by his Bahamian counterparts as “invalid” and “redundant” while revealing that the crypto exchange’s local real estate holdings have been valued at up to $214m.

FTX chief orders Bahamas: Hand over SBF interviews

FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.

FTX US chief blasts ‘meddling’ liquidators

FTX’s US chief has resumed battle with the crypto exchange’s Bahamian liquidators by asserting that their “meddling is hindering” efforts to return recovered assets to former clients and creditors.

‘FTX chief planned $256m sell-off behind our backs’

FTX’s Bahamian liquidators have accused their US adversary, aided by its local law firm, of going behind their backs in attempting to sell $256m worth of real estate domiciled in this jurisdiction.

FTX says ex-official got $1m bonus for permits

An attorney and “former Bahamian government official” was allegedly offered a $1m “bonus” to swiftly obtain the necessary licences so that FTX could move to this nation, it was asserted yesterday.

FTX Bahamas charges US broke 'every single' pledge

FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.

Claims Bahamas 'in cahoots' with SBF are 'shockingly inappropriate'

An FTX creditor/investor group yesterday leapt to The Bahamas defence by branding claims that the Government was "in cahoots" with Sam Bankman-Fried as "shockingly inappropriate".

FTX's US chief tells Bahamian liquidators: The $143m is mine

FTX's Bahamas liquidators face a three-way battle to regain control of some $143m seized by the US Justice Department after their US counterpart asserted he "stands first in line" to recover this asset from the federal authorities.

FTX chief blasts Bahamas over 'closed legal system'

FTX's US chief yesterday blasted The Bahamas' "closed legal system" and argued his team will "find it difficult to protect our rights" due to challenges in gaining approval for their chosen UK KC to act before this nation's courts.

FTX's Bahamian liquidators possess own data leverage

FTX's Bahamian provisional liquidators have their own data bargaining chips, it has emerged, as they control "electronic devices" used by Sam Bankman-Fried and his inner circle that their US counterparts are eager to access.

FTX chief’s $460m deal with Bahamas fund firm

FTX’s US chief yesterday unveiled a $460m settlement with a Bahamas-based fund manager that received hundreds of millions of dollars in the months leading up to the crypto currency exchange’s collapse.

FTX US chief bids to cut-off Bahamas

FTX’s US chief yesterday shattered the temporary ceasefire with the Bahamian provisional liquidators by launching a legal bid to deny them access to any assets caught in the crypto exchange’s multi-billion dollar collapse.

FTX creditors ‘fortunate’ Bahamas acted on hack

FTX’s US chief has admitted to the Delaware Bankruptcy Court that clients and creditors were “fortunate” The Bahamas acted to safeguard assets from theft by hackers in a total reversal of his previous attacks.

FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures

FTX’s US chief has admitted his attacks on The Bahamas’ integrity were “misguided” by agreeing to work with the failed crypto exchange’s local liquidators, the Attorney General argued last night.

FTX Trading Limited agrees on 'mutual cooperation' terms

FTX Trading Limited has agreed on terms for “mutual cooperation” on the chapter 11 in the US and the provisional liquidation in The Bahamas.

FTX US chief ‘in contempt’ over Bahamian court order

The Securities Commission’s top executive has accused FTX’s US chief of being “in contempt” of the Supreme Court by blocking access to the collapsed crypto exchange’s cloud-stored system and digital assets.

‘Shut down’ on FTX $300m Bahamas assets safeguard

FTX’s Chapter 11 chief yesterday alleged to the US Congress that efforts to obtain “clarity” over the Securities Commission’s action to safeguard $300m in client assets had been “shut down” by The Bahamas.

SBF deal with Deltec chief’s US bank ‘highly irregular’

FTX’s new US chief yesterday confirmed he is probing a “highly irregular” transaction with Bahamas links where Sam Bankman-Fried’s hedge fund paid an “off the charts” sum to buy into a small American bank.

New FTX CEO: Bahamas is not transparent

FTX CEO John Ray III said the Chapter 11 process in Delaware is the only clear option that gives visibility to customers about what happened to the fallen crypto giant and a chance to recoup their money, as he lambasted the process in The Bahamas as not transparent.

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