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FTX Trading Ltd.

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Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 02, 2023

    Bankruptcy Cases And Trends To Watch In 2023

    The last quarter of 2022 saw a wave of cryptocurrency cases hit bankruptcy courts, with industry giant FTX Trading kicking off a period of distress for the industry, and bankruptcy experts say those troubles are just beginning.

  2. December 22, 2022

    Insurers Slam Scouts Plan; FTX To Start Clawback Actions

    Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.

  3. December 20, 2022

    FTX Threatens Clawbacks If Contributions Aren't Returned

    Bankrupt cryptocurrency exchange FTX is considering legal action to claw back contributions made by former executives if the recipients don't voluntarily return the funds, according to a statement from the firm.

  4. December 19, 2022

    Video Game Co. Seeks To Drop FTX As Tournament Sponsor

    A video game developer asked a Delaware bankruptcy court Friday to force cryptocurrency exchange FTX Trading Ltd. to reject a tournament sponsorship contract with the debtor because of the damage its reputation has sustained in recent months.

  5. December 16, 2022

    FTX Liquidators Have Not Yet Resolved Info-Sharing Issue

    Attorneys for bankrupt cryptocurrency exchange FTX Trading Ltd. said Friday that no deal had yet been struck in the ongoing dispute with liquidators appointed in the Bahamas over the sharing of digital information, but discussions are continuing with the goal of resolving the issue.

  6. December 14, 2022

    FTX's Co-CEO Raised Concerns With Bahamian Regulators

    Ryan Salame, the co-CEO of FTX, told the Securities Commission of the Bahamas that client assets held by the embattled cryptocurrency exchange were transferred in a manner that was "not allowed or consented to by their clients," according to a filing in FTX's bankruptcy case in Delaware federal court.

  7. December 14, 2022

    US, Bahamas Fight Over Who Gets Millions In FTX Property

    A $256 million real estate portfolio on the Bahamas island of New Providence is serving as fuel to the fire in an already tense initial round of court hearings relating to the downfall of cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried.

  8. December 14, 2022

    FTX Balks At Sharing Ch. 11 Info With Bahamian Liquidators

    Bankrupt cryptocurrency exchange FTX Trading Ltd. told a Delaware federal judge on Wednesday that it didn't want to give the Bahamian-appointed liquidators of an affiliate access to internal data systems because of the risk of digital asset theft.

  9. December 12, 2022

    US Trustee Slams FTX's Ch. 11 Bid To Shield Customer Names

    The U.S. Trustee's Office objected Monday to FTX's motion to file the identities of creditors in its Chapter 11 case under seal, saying it was unnecessary to protect the creditors and would set a bad precedent for the cryptocurrency exchange's case and other bankruptcies.

  10. December 12, 2022

    New FTX Head Tells House Of 'Inexperienced' Past Leadership

    The new CEO of fallen cryptocurrency exchange FTX said in written testimony to the House Committee on Financial Services that FTX's prior leadership lacked the experience and sophistication necessary to run a company of its size, and that there is a "painstaking" effort underway to account for all the exchange's digital assets.