Attention users who want to participate in FTX Digital Markets Ltd. (FTX Bahamas entity) claims! Everyone should receive an email from FTX Digital today (7/9) with the subject line "FTX DigitalMarkets Ltd. (In Official Liquidation) ("FTX Digital") – Election Form (important action required)". If you are sure you want to To participate in the claims process for Bahamian entities, remember to log in to the website before August 16 and check the box to stay here for the final claims process.
Users need to choose to join the Bahamas or United States claim before 8/16
FTX Digital Markets Ltd. (FTX Bahamas entity) has a cooperation agreement with John Ray in the liquidation and reorganization case led by John Ray in the United States. Customers can file claims through the U.S. procedure (Kroll claims website) or the Bahamas procedure (FTX Digital claims website). No matter which process you go through, you will get roughly the same return at the same time; now that the claim has entered the final stage, the user also needs to decide where to choose to make the claim.
What should I do to participate in the Bahamas process?
To participate in the Bahamas process, please log into your account on the claims portal ( https://digitalmarketsclaim.pwc.com ) and select Complete Election under Actions on the right
Check Option 1 to participate in the Bahamas process and sign below it to confirm.
If you choose to participate in the Bahamas process through this form, you do not need to complete or submit any U.S. voting process. In this case, the User's claim will be withdrawn from the US proceedings.
If the user does not elect to participate in the Bahamas process (via this form or by checking the appropriate box on the US ballot), the claim will be processed in the US process.
What should I do if I want to participate in the American process?
If the user has previously applied for claims on both sides and finally decides to participate in the US process, please first confirm that the claim has been arranged in the US process. If your claim is scheduled or you file a proof of claim in a U.S. proceeding, you should receive a voting notice from the U.S. debtor.
If the user has applied for claims on both sides before and finally decides to participate in the U.S. process, after completing the U.S. vote, to ensure that the claim can eventually be made in the U.S., please fill out the Bahamas process selection form before August 16 and select "Option 2: Withdrawal of the Bahamas Debt Certificate”.
This article FTX’s claim enters the final process, choosing to claim in the Bahamas or the United States before 8/16 appeared first on Chain News ABMedia.
