FTX's U.S.-based bankruptcy team have agreed to coordinate with liquidators winding down the crypto exchange's operations in the Bahamas, resolving a dispute that threatened the recovery of what could be billions of dollars in lost funds.
In a joint statement on Friday, the two sides said they will work to share information, secure property and coordinate litigation against third parties.
Bahamian regulators have seized FTX assets, which officials said was meant to safeguard assets that will ultimately be returned to creditors of FTX Digital Markets. Bahamian securities regulators accused Ray of displaying “a cavalier attitude towards the truth” in his statements about the Bahamian asset seizures.
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