FTX Managers Explore Information-Sharing Deal With Bahamian Officials

FTX’s U.S. managers are negotiating with Bahamian authorities to resolve a dispute over access to the failed crypto exchange’s electronic records, lawyers said in a court hearing Friday, following weeks of publicly criticizing each other over the handling of FTX’s collapse, WSJ Pro Bankruptcy reported. FTX Chief Executive John J. Ray III and company lawyers met in New York on Thursday with representatives of the Securities Commission of the Bahamas and Bahamian court-appointed liquidators to try to resolve a dispute over sharing information from inside the exchange that is relevant to their investigative work. “While we haven’t come to any conclusions, we did have a productive exchange of views,” FTX lawyer James Bromley said during a hearing in the U.S. Bankruptcy Court in Wilmington, Del. The Bahamian liquidators have sought access to data from FTX’s international trading platform, email records from employees of FTX’s Bahamas affiliate, FTX Digital Markets Ltd., employee Slack chat records, documents stored on a shared company Google Drive and FTX’s QuickBooks accounting system, according to court papers. Their access to the information was cut off by FTX’s U.S. management on Nov. 12, a day after FTX filed for chapter 11, according to their court filings. Read more.