FTX debtors and the joint provisional liquidators in the Bahamas have reached a mutual cooperation agreement

ChainCatcher news, FTX debtors and FTX Bahamas joint provisional liquidators have reached a cooperation agreement on the terms of mutual participation in legal proceedings in each jurisdiction. "According to the cooperation agreement, the parties will begin to work together to share information, protect assets, and return them to their remaining assets, while coordinating litigation against third parties and exploring strategic alternatives to maximize stakeholder recoveries, in order to enhance stakeholder recovery rates." This agreement is subject to approval by the courts of Delaware and the Bahamas.

The parties also agreed to dispose of Bahamian real estate in a process led by the provisional liquidators and supervised by the courts of both jurisdictions, as well as to confirm the process for the remaining cryptocurrency assets controlled by the Bahamas Securities Commission in the Fireblocks accounts previously disclosed by the FTX debtors. Both parties expressed satisfaction that the cryptocurrency assets are protected by the Bahamas Securities Commission and reached an agreement on the process for handling the remaining assets under its control. (Source link)