Bahamas Agrees to Let Delaware Judge Handle Part of FTX Meltdown

Bahamas court officials dropped their opposition to moving one piece of FTX’s restructuring case to a US court in Delaware, according to a court filing.

Liquidators appointed in the Bahamas for one FTX affiliate agreed to move a case they filed in New York to Delaware, where more than 100 units are under the oversight of a federal judge, FTX lawyers said in papers filed in US Bankruptcy Court in Wilmington, Delaware.

The liquidators had filed a bankruptcy case in Manhattan, asking a federal judge there to officially recognize and support their restructuring case in the Bahamas. That would ...