{"id":510294,"date":"2022-11-15T19:30:00","date_gmt":"2022-11-15T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bahamas-supreme-court-approves-provisional-liquidators-for-ftx\/"},"modified":"2022-11-15T19:30:00","modified_gmt":"2022-11-15T16:30:00","slug":"bahamas-supreme-court-approves-provisional-liquidators-for-ftx","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bahamas-supreme-court-approves-provisional-liquidators-for-ftx\/","title":{"rendered":"# Bahamas supreme court approves &#8216;provisional liquidators&#8217; for FTX"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cacf80fc7d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cacf80fc7d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bahamas-supreme-court-approves-provisional-liquidators-for-ftx\/#%E2%80%9D_Bahamas_supreme_court_approves_%E2%80%98provisional_liquidators_for_FTX_%E2%80%9C\" >&#8221; Bahamas supreme court approves &#8216;provisional liquidators&#8217; for FTX &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bahamas_supreme_court_approves_%E2%80%98provisional_liquidators_for_FTX_%E2%80%9C\"><\/span>&#8221; Bahamas supreme court approves &#8216;provisional liquidators&#8217; for FTX &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMTIzOTFlNmUtMmE3MS00M2Q4LTk0NjAtZDMzNDU0ZjY4Y2Y1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>The Supreme Court of the Bahamas \u2014 where FTX Digital Marketsis headquartered \u2014 has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved two provisional liquidators to oversee the crypto exchange\u2019s assets.<\/p>\n<p>According to a Nov. 14 announcement from the Bahamas&#8217; Securities Commission, the country\u2019s supreme court <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scb.gov.bs\/wp-content\/uploads\/2022\/11\/Securities-Commission-Update-on-FTX-14Nov22.pdf\">approved<\/a> the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as \u201cjoint provisional liquidators\u201d for FTX. The securities regulator also applied to have Brian Simms, a senior partner of Bahamas-based commercial law firm Lennox Patton, as a provision liquidator on Nov. 10.<\/p>\n<p>\u201cGiven the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers [&#8230;] to further protect the interests of clients, creditors, and other stakeholders globally of FTX Digital Markets Ltd,\u201d said the Securities Commission.<\/p>\n<p>The regulator added:<\/p>\n<blockquote><p>\u201cOver the coming days and weeks, the Commission expects to engage with other supervisory authorities on a regulator-to-regulator basis as this event is multijurisdictional in nature.\u201d<\/p><\/blockquote>\n<p>FTX announced on Nov. 11 that the company would be filing for bankruptcy under Chapter 11 in the United States\u2019 District of Delaware. The proceedings included more than 130 firms in FTX Group, including FTX Trading, FTX US, under West Realm Shires Services, Alameda Research, and its Bahamas-based subsidiary FTX Digital Markets. Sam Bankman-Fried also resigned his position amid the firm\u2019s liquidity crisis and bankruptcy. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>FTX\u2019s ongoing saga: Everything that\u2019s happened until now<\/em><\/strong><\/p>\n<p>The appointment of a provisional liquidator followed the Bahamas securities regulator suspending FTX\u2019s registration status and freezing its local subsidiary\u2019s assets on Nov. 10. The Royal Bahamas Police Force was also reportedly looking into FTX as part of an investigation of possible criminal misconduct.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bahamas-supreme-court-approves-provisional-liquidators-for-ftx\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bahamas supreme court approves &#8216;provisional liquidators&#8217; for FTX &#8220; The Supreme Court of the Bahamas \u2014 where FTX Digital Marketsis headquartered \u2014 has approved two provisional liquidators to oversee the crypto exchange\u2019s assets. According to a Nov. 14 announcement from the Bahamas&#8217; Securities Commission, the country\u2019s supreme court approved the appointments of PricewaterhouseCoopers advisory&#8230;<\/p>\n","protected":false},"author":1,"featured_media":510295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMTIzOTFlNmUtMmE3MS00M2Q4LTk0NjAtZDMzNDU0ZjY4Y2Y1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135234,45636,70934,72287],"class_list":["post-510294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx","tag-caribbean","tag-regulation","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=510294"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/510295"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=510294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=510294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=510294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}