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Bahamas’ supreme court approves ‘provisional liquidators’ for FTX

Published 11/15/2022, 11:30 AM
Updated 11/15/2022, 01:00 PM
Bahamas’ supreme court approves ‘provisional liquidators’ for FTX

The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country.

According to a Nov. 14 announcement from the Bahamas’ Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as “joint provisional liquidators” for FTX. The securities regulator also applied to have Brian Simms, a senior partner of Bahamas-based commercial law firm Lennox Patton, as a provisional liquidator on Nov. 10.

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