Dorsey questioned the value of a Bahamian court ruling during a Thursday court hearing in Wilmington, Delaware, saying that he would retain authority over the $7 billion in assets recovered by the U.S. debtors no matter what the Bahamian court rules.
"It doesn't go to FTX Digital until I say it goes to FTX Digital," Dorsey said.
The sides offered very different descriptions of how important FTX Digital was to the crypto exchange's operations.
A court ruling in their favor could place the Bahamian company, and not the U.S. debtors, in charge of collecting assets and deciding how to distribute them to FTX customers.
The case is FTX Trading, U.S. Bankruptcy Court for the District of Delaware, No.
Persons:
John Dorsey, Dorsey, Chris Shore, Sam Bankman, Bankman, Fried's, Andy Dietderich, Brian Glueckstein, James Bromley of Sullivan, Cromwell, Chris Shore of, FTX, Dietrich Knauth
Organizations:
U.S, FTX's U.S, FTX Digital, FTX, Bahamian, Bankruptcy, District of, Chris Shore of White, Thomson, & & $
Locations:
Delaware, Bahamas, Wilmington , Delaware, U.S, Hong Kong, District of Delaware