The Delaware Federal Jury <a href="https://www.prnewswire.com/news-releases/ftx-receives-court-approval-for-first-day-motions-301685748.html" target="_blank" rel="nofollow noopener">awarded</a> preliminary and final approvals for all of the "First Day" petitions relating to the <a href="https://www.cryptoknowmics.com/news/ftx-bankman-parent-acquired-121m-bahamas-property">FTX</a> Debtholders' Chapter 11 petitions filed on November 11, 2022, according to FTX Trading Ltd. and around 101 other linked firms.

https://twitter.com/FTX_Official/status/1595200380807352321
<h2>“First Day” Petitions</h2>
John J. Ray III remarked that the jury is advancing as quickly as in the attempts to maximize returns for all FTX stakeholders with the Court's acceptance of the First Day petitions. The jury will continue to work to put the required controls in place, safeguard the Company's <a href="https://www.cryptoknowmics.com/news/crusoe-buys-1-55m-in-assets-from-bankrupt-compute-north">assets</a>, and organize them.

Additionally, the prosecutor is already seeing interest from prospective purchasers for the assets as the firm and would go about reorganizing or selling FTX assets globally in an orderly manner to the advantage of stakeholders.
<h2>FTX To Work With Prosecutors</h2>
Furthermore, in an opening bankruptcy senate hearing, a lawyer for the struggling company said that the existing company leadership of FTX and its affiliated entities were working with prosecutors for the American government and regulators. According to James Bromley, an associate at Sullivan and Cromwell and co-counsel for the corporation in the United States, the company has received demands for Mr. Ray to testify before the Senate and the House of Representatives in December from the U.S. Congress.

FTX Obtains Government Approval for "First Day" Petitions

The Delaware Federal Jury awarded preliminary and final approvals for all of the "First Day" petitions relating to the FTX Debtholders' Chapter 11 petitions

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FTX Obtains Government Approval for "First Day" Petitions

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