Differences and Implications in the Interpretation of FTX Debt Claims by Bahamian Court and US Claims Procedures

Many FTX users have received debt claims from FTX Digital Markets Ltd. (FTX Bahamas entity) on 3/2 (sender: [email protected]), and some may suspect it to be a scam or feel confused, questioning, “Hasn’t FTX already undergone bankruptcy restructuring led by John Ray?” However, don’t worry, this is a liquidation case being executed by the Bahamian court and the liquidators of FTX in that jurisdiction, independent of the restructuring case led by John Ray in the United States.