Eversheds Sutherland demands judicial protection of assets of foreign FTX clientsEversheds Sutherland is demanding that the U.S. judiciary protect the interests of foreign FTX users and proposes to allocate the funds owed to them from the general bankruptcy estate. According to preliminary data, clients outside the U.S. account for about $2 billion.
"The FTX bankruptcy case is in its fourth month. However, the legally important question of who owns and how much of the assets on the FTX.cоm exchange has not yet been resolved," said a spokesman for Eversheds Sutherland.
In their appeal to the court, lawyers have expressed fears that their clients' funds may be used unnecessarily to cover the significant operating costs associated with litigation and legal costs.
According to documents available to Eversheds Sutherland, various legal and financial advisers to FTX's bankruptcy liquidation committee have already billed about $20 million for work done.
Earlier, FTX's interim administration sued FTX Digital Markets and its Bahamian liquidators, claiming they were improperly claiming the cryptocurrency exchange's assets.
