PANews reported on November 22 that according to Bloomberg, court officials in the Bahamas no longer object to transferring part of the FTX restructuring case to a U.S. court in Delaware. The liquidators reserve the right to oppose any action brought by FTX executives in the Delaware case. Liquidators appointed in the Bahamas for an FTX affiliate have agreed to move litigation they filed in New York to Delaware, FTX lawyers said in documents filed in U.S. Bankruptcy Court in Wilmington, Delaware.
According to previous news on November 16, FTX’s Bahamas liquidator “denied the validity of the U.S. bankruptcy proceedings.” However, its court-appointed liquidator stated that the Bahamas’ FTX liquidator may “affect” FTX’s plan to reorganize in the United States. According to news on November 18, the Bahamas Securities Commission said it has taken control of FTX Digital Markets assets.