In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim against Alameda assets in the legal battle.
Ripple Singapore Asserts Rights To FTX Assets
The filing with the United States Bankruptcy Court for the District of Delaware reveals that the debtors involved in the case have revised the proposed form of order to address the informal comments submitted by Ripple Labs.
The revised order, which has received no objections from Ripple Labs, the Office of the United States Trustee, or the Official Committee of Unsecured Creditors, is now awaiting the court’s approval.
It is important to note that the filing emphasizes that the order and any subsequent actions or payments made by the debtors should not be interpreted as an admission of the validity, amount, or basis of any claim against them un
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