FTX Debtors and Liquidators Reach Global Settlement!

FTX Trading Ltd., also known as FTX.com, and its affiliated debtors have reached a settlement with the Joint Official Liquidators (JOLs) representing FTX Digital Markets Ltd., a subsidiary subject to liquidation in The Bahamas. The agreement, called the Global Settlement Agreement, aims to address the complex cross-border legal issues arising from the collapse of the FTX group. The settlement will allow FTX.com customers to make an election to have their claims reconciled and paid in either the Chapter 11 cases of the FTX Debtors or in the liquidation proceeding for FTX Digital Markets in The Bahamas.