During Thursday’s bankruptcy hearing, U.S. Bankruptcy Judge John Dorsey rejected a Bahamas liquidator’s request to take control of some of FTX’s disputed assets, CoinDesk reported. He said, “Under no circumstances would I refer the core jurisdictional issue to a foreign court. The core jurisdictional issue here is who owns the $7.3 billion in disputed assets of FTX.” Liquidators in the Bahamas argued that a Bahamian judge should preside over the partial bankruptcy case, but FTX’s restructuring advisers objected to the request. The bankruptcy judge ultimately sided with the FTX consultants’ claim, adding that “the Bahamian courts may have shared jurisdiction. But in practice, they have no access to the assets”. #新闻frontier# #Content Star#
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During Thursday’s bankruptcy hearing, U.S. Bankruptcy Judge John Dorsey rejected a Bahamas liquidator’s request to take control of some of FTX’s disputed assets, CoinDesk reported. He said, “Under no circumstances would I refer the core jurisdictional issue to a foreign court. The core jurisdictional issue here is who owns the $7.3 billion in disputed assets of FTX.” Liquidators in the Bahamas argued that a Bahamian judge should preside over the partial bankruptcy case, but FTX’s restructuring advisers objected to the request. The bankruptcy judge ultimately sided with the FTX consultants’ claim, adding that “the Bahamian courts may have shared jurisdiction. But in practice, they have no access to the assets”. #新闻frontier# #Content Star#