FTX lawyer James Bromley said at the FTX bankruptcy hearing on Tuesday. The Bahamas court-appointed liquidators for FTX have agreed to transfer the related cases they filed in New York to Delaware, where the company has filed for bankruptcy protection.
The Securities Commission of the Bahamas announced last week that it had ordered the transfer of assets held in FTX’s encrypted wallets to government-controlled wallets last Saturday. James Bromley reiterated that the evidence in its possession indicated that assets had been transferred from the debtor’s estate to the Bahamas.
What must be kept in mind as we deal with any of these foreign entities, and with respect to any regulator or liquidator that may be appointed, is that we are focusing on one word, reciprocity, Bromley said.