FTX Trading
executive summary debtors have identified approximately billion of liquid assets to date comprising case doc filed area cash only million digital associated with us as the petition time | FTX Trading
Company
Deck Type
Sector
Industry
Deck date
January 2023
Slide
4 of 20
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litigation settlement the threatened litigation was resolved in a confidential global settlement agreement and mutual release between the and the executives the settlement was brought to and approved by board of directors at the time of the settlement as a result of the transaction had an appointed observer to the board of directors appointed board observer stressed the importance of this settlement funded by to and its clients long term best interests due to the structure of the settlement certain payments from were routed through the executives and ultimately made to the the payments also created tax liabilities for the executives even though they did not keep the funds instead the individuals took the payments received from and paid them to the pursuant to the settlement agreement appropriate taxing authorities or both | BlockFi
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