FTX's Bahamas unit seeks Chapter 15 bankruptcy protection -filing
Source: Reuters
Nov 15 (Reuters) - FTX's Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesday.Such a move allows a foreign debtor to shield assets in the country. Non U.S.-companies use the measure to block creditors who want to file lawsuits or tie up assets in the United States.Parent FTX filed for bankruptcy…
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