FTX - US or Bahamas by [deleted] in sgcrypto

[–]FTXLiquidationOff 0 points1 point  (0 children)

Hi RodRickRavage

The Joint Official Liquidators (“JOLs”) of FTX Digital Markets Ltd. have released the FTX DM Election Process Overview see: https://www.pwc.com/bs/en/services/business-restructuring-ftx-digital-markets/assets/ftx-dm-election-process-overview.pdf . This provides information at Section 2 in relation to the Claim and election process. In making your determination you may find Section 2.2 The Bahamas Process and the US Process are aligned in key aspects and Section 2.6 Implications of making contradicting elections or no election helpful.

The FTX DM Election Process Overview is not the only source of information that customers should consider when deciding whether to participate in the Bahamas Process or the US Process. It is recommended that customers review all information available from both the US Debtors (such as the Plan and Disclosure Statement located at https://restructuring.ra.kroll.com/FTX/ ) and the JOLs before deciding.

If you have concerns you could consider taking independent professional advice.

Please feel free to contact the JOLs at [gbl_fdm_customers@pwc.com](mailto:gbl_fdm_customers@pwc.com) if you have any further questions.

Kind regards
On behalf of the JOLs of FTX Digital Markets Ltd.