News for hackers. Stuff that matters.

A comment on FTX group companies commence voluntary chapter 11 proceedings. Parent comment

Re:FTX group companies commence voluntary chapter 11 proceed... by phire on Friday November 11, 2022 @10:35AM (#33562084)
Yes, that's what's weird.

FTX Trading Ltd is "is incorporated in Antigua and Barbuda, and headquartered in The Bahamas", yet the linked statement clearly says FTX Trading Ltd (plus the FTX US entity, and Alameda, and others) are filing for Chapter 11 under US law in Delaware.

Is there a parent company of FTX Trading Ltd that's based in the US?

[ Parent | on HN ]
Re:FTX group companies commence voluntary chapter 11 proceed... by donedeals on Friday November 11, 2022 @10:58AM (#33562413)
It’s probably because the parentco is filing. Need to see the BK filing to understand.
[ Parent | on HN ]
Re:FTX group companies commence voluntary chapter 11 proceed... by kgwgk on Friday November 11, 2022 @12:27PM (#33563741)
According to the filing Paper Bird Inc. owns approximately 75% of FTX Trading Ltd. - the rest is owned by third party investors.

https://qz.com/full-text-ftx-bankruptcy-filing-1849772656

[ Parent | on HN ]