FTX Can Pay Foreign Customer Group's Ch. 11 Fees

By Alex Wittenberg · November 15, 2023, 7:10 PM EST

FTX Trading Ltd. received approval Wednesday to pay an ad hoc group of creditors' professional fees and expenses after the Office of the U.S. Trustee dropped its objection to the measure...

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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

FTX Trading Ltd.

Case Number

1:22-bk-11068

Court

Delaware

Nature of Suit

Date Filed

November 11, 2022

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