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Major claims in FTX bankruptcy case transferred from FTX EU to FTXCREDITOR

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May 15, 2024

Documents from the Delaware Bankruptcy Court show that a major claim in the FTX bankruptcy case was transferred from FTX EU to FTXCREDITOR. This move is intended to simplify the administrative processing of bankruptcy cases by centralizing all claims under one creditor, but it may have an adverse impact on small creditors. The transfer was made in accordance with the Federal Rules of Bankruptcy Procedure, and the seller waived any notice or hearing requirements and recognized the buyer as the legal owner of the claim. The identity of the transferor is confidential and the representative is MICHAEL BOTTJER, a representative of FTXCREDITOR.

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