Wintermute Asia PTE. has gained a seat on the coveted creditors’ committee for FTX. TheJusticeDept has named Octopus and a number of individual investors to represent the potentially million people owed money by the collapse of FTX_Official.
Crypto trading firm Wintermute Asia PTE. has gained a seat on the coveted creditors’ committee for FTX, allowing it to steer decisions about the winding up of the failed crypto exchange alongside entities from the Caribbean, Hong Kong and U.S, according to a ThursdayThe Department of Justice has named Octopus Information Ltd.
“We had a tremendous response” to the request to sit on the committee, U.S. Trustee Juliet Sarkessian told a bankruptcy court in Delaware on Wednesday, citing difficulties in gathering a group of people from across the world. “We are moving as expeditiously as possible” to set the committee up, Sarkessian, a Department of Justice official charged with administering the bankruptcy process, added.
The committee, responsible for representing those who are hoping to be repaid at the conclusion of bankruptcy proceedings – specifically the unsecured creditors who have no claim on FTX collateral – will also include hedge fund Coincident Capital, GGC International and Hong Kong’s Pulsar Global, the filing said.
On Friday the Delaware court will hear a controversial proposal to redact personal information rather than publishing a full – and potentiallyOn Tuesday, CoinDesk reported moves to create a separate committee to represent the distinct needs of foreign creditors of Bankman-Fried’s sprawling empire.Read moreClarifies that Octopus Information is the company involved, not the hedge fund Octopus Investments.
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