FTX Europe Gets Swiss Moratorium to Assist Options Process

FTX Europe filed a petition for and was granted a Swiss moratorium to “assist exploration of [the] strategic alternatives process.”

• “The Moratorium process will facilitate the exploration of strategic alternatives, including the previously disclosed potential sale of its business pursuant to US Bankruptcy Court-approved bidding procedures”
• “Process for confirming customer balances in preparation for allowing the withdrawal of funds from FTX EU Ltd. is unchanged by the Moratorium”
• Swiss court appointed an administrator

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Zachary Fleming in New York at zfleming2@bloomberg.net

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