FTX Digital Markets Ltd. (In Official Liquidation) (“FTX Digital”)

FTX Digital Markets Limited. (In Official Liquidation)

FTX Digital was the main regulated and licensed entity for the FTX International Platform. The Liquidators of FTX Digital and the US Chapter 11 Debtors have agreed to a Global Settlement Agreement (“GSA”), which among other things, contemplates pooling of assets from both estates so as to allow FTX.com customers (“Dotcom Customers”) to receive the same recoveries. The GSA also allows the estates to coordinate asset realisations and distributions – allowing customers to lodge a claim in either the Bahamas Process or the US Process.

"...you will receive substantially the same return at the same time in both the Bahamas Process and US Process..."

"...enable customers to view their holding balances, lodge an electronic proof of claim form and notify the JOLs if they have transferred their claim to another party, all in one place..."

".....expected to be repaid in full plus post-liquidation petition interest of 9.0% p.a. accrued against the principal balance..."

IMPORTANT - All Dotcom Customers who have submitted a claim on the FTX Digital Claim Portal account are required to make an election to confirm if they wish to remain in the Bahamas Process by the Election Deadline of 16 August 2024.

Dotcom Customers and non-customer creditors who have not yet submitted a claim are welcome to submit a claim (and make their election) before the Election Deadline.

FTX Digital Markets Ltd. (“FTX Digital” or “the Company”), which principally operates in The Bahamas, is registered to provide an exchange between digital assets and traditional “fiat” currency, alongside an exchange between one or more different forms of digital assets.

On 10 November 2022 the Securities Commission of the Bahamas (https://www.scb.gov.bs/) presented a winding up petition against FTX Digital and suspended its licence to operate as a digital asset business. FTX Digital is a subsidiary of FTX Trading Ltd, a company incorporated in Antigua and Barbuda.

Following the presentation of the petition, the Commercial Division of The Supreme Court of the Bahamas (“the “Court”) appointed Mr Brian Simms KC of Lennox Paton as Provisional Liquidator and commenced a liquidation proceeding for FTX Digital on 10 November 2022. On 14 November 2022, Kevin Cambridge of PwC Bahamas and Peter Greaves of PwC Hong Kong were also appointed by the Court as Provisional Liquidators.

On 10 November 2023, upon hearing of evidence from the representatives of the Securities Commission of the Bahamas, the Joint Provisional Liquidators and counsel for the Foreign Representative of FTX Trading Ltd, the court appointed the Joint Provisional Liquidators as Joint Official Liquidators (“JOLs”) and ordered that the Company be wound up in accordance with the provisions of the Companies Act, 1992 (as amended) and as applicable to the winding up of International Business Companies under the Companies (Winding Up Amendment) Act, 2011.

The Court conferred upon the JOLs any of the general powers set out in the attached Winding up Order. Until further order of the Court, the JOLs are directed to take all and any necessary steps that they consider fit to and collect and get in all of the property and/or assets of the Company.

Certain other FTX entities filed voluntary petitions for chapter 11 in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Bankruptcy Proceedings”). FTX Digital is not included in this group and therefore is not subject to the Chapter 11 Bankruptcy Proceedings.

This website is for the exclusive benefit of FTX Digital stakeholders, such as the customers and employees, and FTX International customers and will be populated with relevant information and updates from the JOLs from time to time relating to FTX Digital and the Bahamian Liquidation Proceedings. No party should look to this website for information relating to the Chapter 11 Bankruptcy Proceedings.

Guidance to submit your claim
Guide on how to use our creditor portal

Press releases and document library
All court documents and press releases in relation to FTX Digital

Frequently Asked Questions (FAQs)
Have a question, read some of the common queries submitted

How to contact us

There are separate pages on this website containing specific information for employees and customers and creditors. However, should you still need to contact us, please use the most appropriate email address below;

Customers: gbl_fdm_customers@pwc.com

Creditors: gbl_fdm_creditors@pwc.com

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