#Giveaway  on last slide

Bahama Authority: FTX Wasn't Authorized To File Bankruptcy In US

Scribbled Arrow

TRENDING GLOBALLY

FOLLOW US:  @theinsaneapp

The bankruptcy proceedings of the collapsed crypto exchange FTX look chaotic.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Brian Simms, a Bahamas-based lawyer, stated in a court filing that FTX was not authorized in the U.S. to file for bankruptcy.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

He also said he "reject[s] any purported attempt to put FTX affiliates into bankruptcy."

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Simms' declaration was made after he and other liquidators applied for Chapter 15 bankruptcy protection

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

In support of the Bahamas arm of insolvent crypto exchange FTX Digital Markets – in the Southern District of New York on Tuesday.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Chapter 15 bankruptcy is often used for cross-border operations.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Simms requested provisional relief from the court, including recognition of Bahamian bankruptcy and liquidation proceedings. 

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Orders entrust FTX assets in the U.S.A to Bahamian liquidators. 

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Authorizing "urgent discovery actions" and preventing any FTX assets from being "transfered, encumbered or otherwise disposed off."

Twitter | Insatagram | Facebook

#GIVEAWAY BY INSANE

Do you know that we give away around $500 USd in cash prizes every week?

Let’s grow together!