Reuters: FTX Bahamas liquidators refuse to acknowledge the validity of U.S. bankruptcy proceedings

ChainCatcher news, according to a Reuters report, U.S. court documents show that the FTX liquidators based in the Bahamas "refuse to acknowledge the validity of the U.S. bankruptcy proceedings." FTX and 130 affiliated companies filed for bankruptcy in the U.S. on November 11, with an estimated 1 million customers and other investors facing total losses of billions of dollars. However, FTX's Bahamas subsidiary, FTX Digital Markets, will first enter the liquidation process. The court-appointed liquidator stated that the Bahamas FTX liquidators may "impact" FTX's hopes for a bankruptcy restructuring plan in the U.S. (source link)