A U.S. bankruptcy judge indicated he plans to reject a request from liquidators in the Bahamas to allow them to control $7.3 billion of ftx_official’s disputed assets during a bankruptcy hearing on Thursday. LizKNapolitano reports
A federal judge has shot down a request to relinquish control over embattled crypto exchange FTX's $7.3 billion in disputed assets during a Thursday bankruptcy hearing, dashing Bahamian liquidators' hopes that the island nation's judicial system could stake a claim to some of the assets.
During the hearing at the U.S. Bankruptcy Court for the District of Delaware, Judge Dorsey considered a key point of contention between the case’s various players: the question of who owns the insolvent exchange's billions of dollars worth of crypto and cash assets.
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