ChainCatcher news, according to the latest email from FTX Digital, the deadline for FTX customers to submit claims will be extended to align with the voting deadline for creditor approval of the bankruptcy protection reorganization plan in the U.S. Although the new deadline has not yet been determined, FTX Digital's joint official liquidators expect the deadline to be at the end of July or early August.It is reported that FTX customers can choose to participate in either the Bahamian process or the U.S. process, but cannot participate in both processes simultaneously. Customers will receive disclosure documents in June, which will outline the implications of participating in either process, and they will make a final choice within 6-8 weeks from the date the disclosure documents are issued. Although there may be some differences between the Bahamian process and the U.S. process, it is expected that customers will receive the same allocation shares at the same time.

ChainCatcher news, according to information from PwC's official website, the liquidation process for the Bahamian entity FTX Digital has been extended to August 9, 2023. The provisional liquidator (PwC) has also submitted a Chapter 15 application to the U.S. Bankruptcy Court in Delaware. On February 15, the U.S. court issued an order recognizing the provisional liquidation as a foreign main proceeding, and FTX Digital is not subject to U.S. Chapter 11 bankruptcy proceedings.Since the appointment by the Supreme Court, the provisional liquidator has been reviewing FTX Digital's financial status, investigating the causes of the FTX global collapse and its impact on FTX Digital, seeking to identify and protect assets, and exploring all available paths for the company to maximize potential value for all stakeholders. This work is ongoing.The claims process will go through the following stages: claim registration, creating a login in the claims portal, identity verification, accepting balances, and asset transfer. Currently, the claims process is in Phase 1, where PwC invites clients and creditors to register their contact information. (Source link)

ChainCatcher news indicates that, according to a court document from Wednesday, U.S. Federal Judge (Katharine Parker) has ordered the seizure of approximately $93 million in funds from FTX Digital Markets' account at Silvergate after freezing Robinhood shares related to FTX and BlockFi.The document also notes that the Bahamian liquidators, who filed for separate bankruptcy in New York, have requested Silvergate to transfer funds related to FTX "to ensure the safety of the assets," but Silvergate responded that the request from the Bahamian liquidators is meaningless since FTX's accounts have already been seized by regulators. Analysts believe that this series of actions by the U.S. federal court may complicate the process for FTX customers to recover their funds. (source link)

ChainCatcher news, according to The Block, the Bahamas Securities Commission has taken action to freeze the assets of FTX Digital Markets and related parties; at the same time, it has suspended registrations and applied to the country's Supreme Court for the appointment of a temporary liquidator. Additionally, according to an official tweet from FTX, FTX has complied with regulatory requirements and has begun assisting in the withdrawal of funds from the Bahamas, with the amount withdrawn being only a small portion of its current assets.It is reported that FTX Digital Markets is a subsidiary of FTX Trading, licensed and regulated in the Bahamas. (The Block)