Okay, I reread this and I think I misunderstood. I meant they should not have issued that form unless the TP has access to the funds or a portion of the funds were/will be released from the exchange which has not failed.

Not knowing any of the details, I would refer you to a resource such as:

https://assets.kpmg/content/dam/kpmg/us/pdf/2020/11/tnf-wnit-lke-nov2-2020.pdf