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FTX’s Bahamas Unit Applies for Bankruptcy Protection in the US

FTX Digital Markets, the Bahamas subsidiary of troubled cryptocurrency exchange, FTX, has applied for Chapter 15 bankruptcy protection in the United States.

The unit is seeking protection from creditors in the US, a court filing registered late Tuesday at the Southern District of New York, shows. This is even as another court filing processed the day before suggests that the FTX Group could be indebted to more th... Read More

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Posted: Nov 16 2022, 13:56

Author Name: financemagnates

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