The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024.
The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in late 2024 or early 2025, with all valid claims being expressed in U.S. dollars.
PwC Announces Chapter 11 Settlement for FTX and Debtors
In a statement, PricewaterhouseCoopers (PwC), the official liquidator overseeing FTX’s bankruptcy proceedings, disclosed that FTX Digital Markets is undergoing a Chapter 11 settlement with FTX Trading and its affiliated debtors.
“FTX Digital Markets has successfully negotiated a settlement with FTX Trading Ltd. and its affiliated debtors under the Chapter 11 Proceedings,” the statement read.
This agreement aims to consolidate assets from both entities’ estates, facilitating a coordinated approach to creditor distributions. The objective is to ensure that FTX’s customers receive substantially identical distributions at identical tim
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