The collapsed firm may set up a new company to operate a “rebooted” offshore exchange for FTX.com claimants.
FTX’s bankruptcy administrator said the collapsed firm may set up a new company to operate a “rebooted” offshore exchange for FTX.com claimants, allowing them to opt in to hold equity securities, tokens or other interests in the new offshore company.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
Specifically, for the dotcom customer pool, the bankruptcy administrator proposed to set up a new company with third-party investors to operate a “rebooted” offshore platform — which would not be available to U.S. investors. Alternatively, it may enter into a merger or similar transaction. Claims from non-customers, such as those for regulatory penalties and taxes, would be subordinated, according to the document.
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