FTX Receives Court Approval for “First Day” Motions
FTX Receives Court Approval, as well as approximately 101 additional affiliated companies. The Delaware Federal Court granted preliminary and final approvals for all of the “First Day” motions related to the FTX Debtors’ Chapter 11 petitions filed on November 11, 2022.
According to news provided by FTX from PRNewswire, the United States Bankruptcy Court for the District of Delaware (the “Delaware Federal Court“) has granted interim and final approvals for all of the “First Day” motions related to the FTX Debtors‘ Chapter 11 petitions filed on November 11, 2022, according to an announcement released by FTX Trading Ltd. (d.b.a. FTX.com) and approximately 101 additional affiliated companies.
“With the Court’s approvals of our First Day motions, we are moving forward as expeditiously as possible in our efforts to maximize value for all FTX stakeholders. We will continue working to implement necessary controls, and secure and marshal the Company’s assets. As we review the business, we have already begun receiving interest from potential buyers for our assets and we will conduct an orderly process to reorganize or sell FTX assets around the world for the benefit of stakeholders.”
John J. Ray III said
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Author
News
FTX Receives Court Approval for “First Day” Motions
FTX Receives Court Approval, as well as approximately 101 additional affiliated companies. The Delaware Federal Court granted preliminary and final approvals for all of the “First Day” motions related to the FTX Debtors’ Chapter 11 petitions filed on November 11, 2022.
According to news provided by FTX from PRNewswire, the United States Bankruptcy Court for the District of Delaware (the “Delaware Federal Court“) has granted interim and final approvals for all of the “First Day” motions related to the FTX Debtors‘ Chapter 11 petitions filed on November 11, 2022, according to an announcement released by FTX Trading Ltd. (d.b.a. FTX.com) and approximately 101 additional affiliated companies.
“With the Court’s approvals of our First Day motions, we are moving forward as expeditiously as possible in our efforts to maximize value for all FTX stakeholders. We will continue working to implement necessary controls, and secure and marshal the Company’s assets. As we review the business, we have already begun receiving interest from potential buyers for our assets and we will conduct an orderly process to reorganize or sell FTX assets around the world for the benefit of stakeholders.”
John J. Ray III said
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Other Posts
Related Posts
Latest
BlockDAG’s $122.5M November Presale Sets New Records as PEPE & Dogwifhat Ride High— BlockDAG Takes the Lead?
Crypto Clash: Qubetics vs. Polkadot vs. Ethereum—Which One Deserves a Spot in Your 2024 Portfolio?
Press Release
BlockDAG’s $122.5M November Presale Sets New Records as PEPE & Dogwifhat Ride High— BlockDAG Takes the Lead?
Crypto Clash: Qubetics vs. Polkadot vs. Ethereum—Which One Deserves a Spot in Your 2024 Portfolio?
