Court Urged To Give Sullivan & Cromwell $31M For FTX Work

By Emlyn Cameron · March 14, 2024, 10:09 AM EDT

A Delaware bankruptcy judge should give Sullivan & Cromwell LLP about $31 million in fees for its work in FTX Trading Ltd.'s case from August through October 2023, the Chapter 11...

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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

In re: FTX Trading Ltd. et al

Case Number

1:23-cv-00241

Court

Delaware

Nature of Suit

Bankruptcy Appeal (801)

Date Filed

March 06, 2023

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