Bahamas Supreme Court Approves Provisional Liquidators for FTX

Bahamas Supreme Court Approves Provisional Liquidators for FTX

According to the most recent update from the Bahamas regulators, where Sam Bankman-Fried’s now-bankrupt crypto exchange FTX was headquartered, the Supreme Court has approved two insolvency experts at PricewaterhouseCoopers (PwC) as provisional liquidators.

According to the announcement, “Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers,” and has appointed Mr. Brian Simms, KC as a court-supervised provisional liquidator.

Furthermore, Messrs. Kevin Cambridge and Peter Greaves of PwC were appointed as joint provisional liquidators by the Court.

Also Read: SBF’s FTX Assets Frozen by Bahamas Securities Regulator

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