FTX’s US and Bahamas bankruptcy teams make peace in rival cases

Rival teams leading FTX bankruptcy proceedings in the US and the Bahamas, which have clashed over the insolvency proceedings for the cryptocurrency exchange, struck a co-operation agreement on Friday following weeks of public feuding.

Under the agreement, “the parties commence work together to share information, secure and return property to their estates, co-ordinate litigation against third parties and explore strategic alternatives for maximising stakeholder recoveries”, the two bankruptcy teams said in a statement on Friday.