In Re: FTX Cryptocurrency Exchange Collapse Litigation

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Case overview

Case Number:

1:23-md-03076

Court:

Florida Southern

Nature of Suit:

Other Fraud

Multi Party Litigation:

Multi-district Litigation, Class Action

Judge:

K. Michael Moore

Firms

Companies

Government Agencies

Federal Deposit Insurance Corp.

Sectors & Industries:

April 11, 2024
FTX Brass, Investors Can't Move Bankruptcy Suit To MDL

The Judicial Panel on Multidistrict Litigation on Thursday denied a bid to move a Delaware bankruptcy proceeding regarding the collapse of cryptocurrency exchange FTX Trading Ltd. to an ongoing multidistrict litigation brought by the company's investors seeking to recoup their losses.
April 04, 2024
Crypto Bank, Chair Blast FTX Investors' 'Gatling Gun' Claims

A crypto bank and its chairman have urged a Florida federal judge to toss a second amended complaint from FTX investors alleging they helped Sam Bankman-Fried abscond with $8 billion in customer assets, saying the investors "employ a Gatling gun approach to pleading."
March 28, 2024
FTX Investors To Settle With Ex-Execs, Crypto Promoters

Investors who launched a multidistrict litigation over cryptocurrency exchange FTX's collapse have reached a set of settlements with the former inner circle of founder Sam Bankman-Fried as well as seven promoters who, together, have agreed to pay over $1.3 million to resolve claims that they boosted a massive fraud scheme at the company.
March 21, 2024
The LA Boutique Repping MLB's Ohtani Amid Betting Scandal

An unfolding sports betting scandal has prompted Los Angeles Dodgers superstar Shohei Ohtani to lawyer up, enlisting the West Hollywood boutique Berk Brettler LLP to advise him in a saga that has already led the club to fire his longtime interpreter.
January 01, 2024
Crypto White Collar Cases To Watch In 2024

The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
December 07, 2023
Athletes, YouTubers, Banks Want Out Of FTX Litigation

Attorneys for celebrities, sports figures, prominent investors and financial institutions have rushed a federal court in Florida with briefs contesting personal liability in connection with the collapse of the FTX cryptocurrency exchange, disputing claims that their positive public comments fueled a multibillion-dollar crypto bust.
November 08, 2023
Don't Let Fenwick And Celebs Slip FTX Suit, Investors Say

Defunct cryptocurrency exchange FTX defrauded would-be investors with the help of a BigLaw firm and a roster of celebrities, and they must face multidistrict litigation over their alleged roles in the exchange's extraordinary collapse, the investors told a Miami federal judge days after the conviction of FTX's founder.
October 10, 2023
FTX Investors Can't Pause MDL Against Celeb Endorsers

A Florida federal judge shot down FTX investors' bid to pause their multidistrict litigation against celebrities who endorsed the defunct cryptocurrency exchange, saying it's unclear what information investors would gain by staying the proceedings until after CEO Sam Bankman-Fried's criminal trial concludes.
October 06, 2023
FTX Investors Say Celebs Are 'Scared' To Pause MDL

FTX shareholders responded Friday to opposition by a group of FTX's former celebrity endorsers to pausing the entire multidistrict litigation until after CEO Sam Bankman-Fried's criminal trial concludes, saying the celebrities are "scared" of what the criminal trial may unearth.
October 05, 2023
Celebrities Fight Bid To Delay FTX Investors' MDL

A group of celebrities being sued by FTX shareholders for endorsing the cryptocurrency exchange before it collapsed last year asked a Miami federal judge Thursday to reject a request to pause the multidistrict litigation until after the criminal trial of company founder Sam Bankman-Fried concludes in New York.