Following public request issued on December 19, 2022, confidential letters to political figures in the FTX matter are in circulation. For good reason, recipients of funds who have benefited from contributions under the direction of Sam Bankman-Fried are asked to return them no later than February 28, 2023. A new chapter in the FTX saga that does not intend to end anytime soon..
FTX rings the end of recess and demands the return of donations
If FTX’s list of creditors includes a myriad of creditors, that of its debtors is no less exhaustive. Indeed, they are political figures, political action funds or other subsequent assignees.
Thus, on February 5, 2023, the affiliated debtors based in the state of Delaware admitted to sending confidential messages to the various creditors of the crypto exchange. This, as part of the recovery of funds dissipated under the leadership of the former CEO Sam Bankman-Fried.
These messages follow the public request of December 19, 2022 and refer to the numerous provisions put in place by the debtors. Among these may be mentioned ([email protected]), an address through which recipients of donations can voluntarily return what they owe.
However, if the payments are not returned voluntarily, the debtors announce legal actions in the bankruptcy court against the main defendants. In addition, if the case comes before a judge, the debtors demand in this case accrued interest from the date of introduction of the actions.
However, the recipients or other beneficiaries involved are warned on many points. Indeed, payments or donations made to a third party, including a charity, do not prevent debtors of FTX from demanding a recovery of funds before February 28, 2023.
After some states required a third party reviewer on the finances of FTX, a new element has been added to the hot file of the exchange. In order to regain possession of the funds and payments made during the reign of Sam Bankman-Fried at the head of the company, the debtors proceeded to send private messages to the main recipients. However, FTX Debtors and FTX DM (Bahamas) announce a cooperation agreement. This agreement is unexpected and surprises almost everyone. It comes as the case continues to make headlines in the crypto community.
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