declaratory judgment
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FTX’s new management is suing the FTX Bahamas entity liquidator
It is reported that FTX is suing the liquidator of its Bahamas entity. FTX’s new management hopes that the Delaware Bankruptcy Court of the United States will make a declaratory judgment, stating that FTX Digital Markets has “no ownership” of any FTX debtor’s property, and claiming that FTX Digital Markets is a “cover” for fraudulent customers. Interpretation of this information: The recent news regarding FTX and their legal battle is gaining attention in the financial industry. FTX, a popular cryptocurrency exchange, has reportedly sued the liquidator of its Bahamas entity….
