Eversheds Sutherland ESgloballaw has filed for a summary judgment regarding non-U.S. customers' assets locked on bankrupt exchange FTX. IanAllison123 reports
FTX.com non-U.S. customers have clear and unambiguous property rights over the assets, as per the exchange’s terms of service, said Eversheds Sutherland partner Sarah Paul.
In other crypto bankruptcies, such as Celsius, Blockfi and Voyager, the debtors have sought determinations on customer property rights early on in the proceedings, noted Eversheds Sutherland attorney Erin Broderick. “Over four months into these chapter 11 proceedings, we still have not resolved the critical, gating issue of who owns the assets on the
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