FTX Reaches Bankruptcy Deal on Assets With Bahamas Officials (1)

Bahamian liquidators and the US team overseeing the bankrupt FTX crypto empire struck a deal to end most of their legal disputes, the two sides said Friday.

Under the proposal, the two sides will share information about the firm’s crypto assets, dispose of various properties owned by FTX units and cooperate to try to collect as much money as possible for creditors, according to a statement.

Since November, nearly all FTX divisions have been under the control of a US-based group of restructuring professionals led by John J. Ray III, who helped oversee the bankruptcy case of energy trading ...