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Genesis Grants FTX $175M Claim To End Ch. 11 Disputes

By Rick Archer · August 17, 2023, 2:11 PM EDT

Genesis and FTX are seeking approval from Delaware and New York bankruptcy courts to grant an FTX affiliate a $175 million unsecured claim in Genesis' Chapter 11 case to settle their...

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Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

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Documents

Related Sections

Case Information

Case Title

Genesis Global Holdco, LLC

Case Number

1:23-bk-10063

Court

New York Southern

Nature of Suit

Date Filed

January 19, 2023

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