According to Bloomberg News, FTX’s Bahamian entity company “FTX Digital Markets Ltd” has applied for bankruptcy protection in the Southern District Court of New York under Chapter 15 of the Bankruptcy Law. reorganization or liquidation. It is reported that non-U.S. companies in financial distress usually file for Chapter 15 bankruptcy protection to ensure that they will not be sued by U.S. creditors and thus have more time to restructure their debts.
FTX Bahamas entity company “FTX Digital Markets Ltd” filed for bankruptcy protection in the Southern District Court of New York
