CoinDesk published this video item, entitled “FTX Bahamas Liquidators Greenlight Bankruptcy Case Transfer to Delaware” – below is their description.
Court-appointed liquidators overseeing collapsed crypto exchange FTX’s assets in the Bahamas have agreed to transfer a related case they’d filed in New York to Delaware, where the company had already filed for bankruptcy protection. Wilk Auslander LLP Partner Eric Snyder discusses the significance and the legal considerations of FTX’s fallout.
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The Bahamas, known officially as the Commonwealth of The Bahamas, is a country within the Lucayan Archipelago of the West Indies in the Atlantic. It takes up 97% of the Lucayan Archipelago’s land area and is home to 88% of the archipelago’s population.
The archipelagic state consists of more than 700 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and Hispaniola Island (Haiti and the Dominican Republic), northwest of the Turks and Caicos Islands, southeast of the US state of Florida, and east of the Florida Keys.
The capital is Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas’ territory as encompassing 470,000 km2 (180,000 sq mi) of ocean space. The country gained governmental independence in 1973 led by Sir Lynden O. Pindling, with Elizabeth II as its queen.
New York is a state in the northeastern U.S., known for New York City and towering Niagara Falls. NYC’s island of Manhattan is home to the Empire State Building, Times Square and Central Park. The Brooklyn Bridge connects Manhattan with the borough of Brooklyn. The iconic Statue of Liberty stands in New York Harbor. To the east, Long Island has beaches, the Montauk Lighthouse, the ritzy Hamptons and Fire Island.