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Notice of Appointment of Joint Liquidators of Bybit Fintech Limited

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Paid for by Alvarez & MarsalOct 15, 2024
This paid press release is provided by Alvarez & Marsal and was not written by CoinDesk. CoinDesk does not endorse and is not responsible or liable for this content.

In the matter of the BVI Insolvency Act, 2003 (the “Act”)

Bybit Fintech Limited – In Liquidation (the “Company”)

BVI Company Number: 1990051

NOTICE IS HEREBY GIVEN pursuant to Section 178(1) of the Act, that Wesley Edwards of Alvarez & Marsal (BVI) Limited, 2nd Floor, Palm Grove House, P.O. Box 3340, Road Town, Tortola, VG1110 British Virgin Islands and Barry Lynch of Alvarez and Marsal Cayman Islands Limited, 2nd Floor Flagship Building, 142 Seafarers Way, George Town, Grand Cayman, KY1-1104, Cayman Islands were appointed as Joint Liquidators of the Company at a hearing of the Eastern Caribbean Supreme Court held on 23 September 2024 in accordance with Section 159(1)(a) of the Act.

NOTICE IS HEREBY GIVEN pursuant to Section 183 of the Act, that the Joint Liquidators of the Company are of the view that, having regard to the assets and liabilities of the Company and the likely result of the liquidation of the Company it is not necessary for a meeting of creditors to be held pursuant to Section 179 of the Act. Accordingly, a meeting of creditors will not be called unless 10 per cent in value of the creditors give written notice to the Joint Liquidators within ten days of receiving this notice, that they require a meeting to be called; and no notice requiring a meeting to be held is received by the Joint Liquidators.

Creditors should lodge particulars of their claims with the Joint Liquidators by e-mail at the address below. Claim forms and proxy forms can be obtained by e-mail at the address below.

Wesley Edwards – Joint Liquidator

Contact details: Alvarez & Marsal (BVI) Limited

Contact: Wesley Edwards

Email: BybitBVILiquidation@alvarezandmarsal.com