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FTX Proposes $4B Settlement Of CFTC's Massive $52B Claim

By Clara Geoghegan · July 15, 2024, 6:43 PM EDT

FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with the U.S. Commodity Futures Trading Commission, saying the agreement to allow the agency a $4 billion...

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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

Case Title

Commodity Futures Trading Commission et al v. Bankman-Fried et al

Case Number

1:22-cv-10503

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

December 13, 2022

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