FTX Liquidator Shares Liquidation Progress Creditors Expected to Recover an Additional 1943

According to representatives from FTX Digital Markets (FDM) and the official liquidators, PricewaterhouseCoopers (PwC), an email has been sent to creditors to share updates on the liquidation process.


The email emphasizes once again that clients of FTX or FTX International have the right to file claims in either the Bahamas or the United States bankruptcy proceedings. Regardless of the chosen jurisdiction, clients can expect to receive similar amounts of compensation within a roughly equal timeframe. Furthermore, the liquidators also state in the email that:
For clients who have already submitted claims in the Bahamas proceedings, the liquidators of FTX Digital Markets will send further correspondence in the future to confirm whether clients wish to continue having their claims managed, processed, adjudicated, and resolved in the Bahamas. Clients who have not yet submitted claims in the Bahamas process may do so before the deadline, which is currently expected to be in mid-August 2024.