U.S. bankruptcy hearings for the failed FTX cryptocurrency exchange will start next week when a court on Nov. 22 will hear a request to move some proceeding to Delaware from New York, according to a court filing.
See related article: Bahamas regulator orders transfer of all FTX digital assets to government wallet
- Judge John T. Dorsey in Delaware has agreed to hear the motion to transfer venue, previously scheduled for Nov. 21, showed a court filing submitted on Thursday.
- FTX Digital Markets, the exchange’s Bahama-based entity, filed for Chapter 15 bankruptcy protection — typically used in cases involving assets in more than one country — to the Southern District of New York court, but FTX lawyers are seeking to have the Delaware court take over the Chapter 15 proceedings.
- FTX Trading, also known as FTX.com, last week filed for Chapter 11 bankruptcy.
- FTX said in a bankruptcy filing on Nov. 14 that it has more than 100,000 creditors and that figure could exceed one million.
See related article: Who is exposed to FTX? A running compilation on a rapidly moving target