The liquidators are coming for FTX. Two provisional liquidators have been assigned to the company in the Bahamas.
The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country.
According to a Nov. 14 announcement from the Bahamas’ Securities Commission, the country’s supreme courtthe appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as “joint provisional liquidators” for FTX. The securities regulator also applied to have Brian Simms, a senior partner of Bahamas-based commercial law firm Lennox Patton, as a provisional liquidator on Nov. 10.
“Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers [...] to further protect the interests of clients, creditors, and other stakeholders globally of FTX Digital Markets Ltd,” said the Securities Commission.
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