FTX’s Bahamian liquidators have reported substantial headway in resolving outstanding disputes and claims with their US counterparts as they work towards a comprehensive global settlement. 

In an update to the bankruptcy court in Delaware on November 21 regarding developments in the Bahamian official liquidation, Brian Simms KC of Lennox Paton and the Pricewaterhouse Coopers (PWC) team, Peter Greaves, and Kevin Cambridge, underscored the positive nature of the ongoing negotiations.

The official liquidators informed the US court that the parties have engaged in good-faith, arm’s-length discussions spanning several months to define the terms of a potential global settlement.

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