FTX and its affiliated debtors reach a global settlement with the joint official liquidators

ChainCatcher news, FTX and its affiliated debtors have reached a global settlement with the joint official liquidators regarding FTX debtor's wholly-owned subsidiary FTX Digital Markets. FTX Digital Markets is currently undergoing liquidation proceedings in the Bahamas. The settlement has been reflected in a global settlement agreement signed by the parties today. The global settlement agreement is subject to approval by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas.