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:

March 22, 2023
FTX Reaches $404M Clawback Deal With Investment Firm

FTX asked a Delaware bankruptcy judge on Wednesday to approve a settlement that would see the defunct crypto exchange claw back more than $404 million that its affiliated trading shop transferred to an investment firm prior to the exchange's collapse.
March 20, 2023
FTX, Alameda Sue Bahamian Entity Over Ch. 11 Owner Claims

Debtors in the Delaware Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. sued the liquidators of a non-debtor Bahamian entity late Sunday, seeking a bankruptcy court ruling that the foreign entity has no claim to any of the property in the FTX empire.
March 16, 2023
FTX Paid Bankman-Fried, Other Execs $3.2B Before Ch. 11

Bankrupt cryptocurrency exchange FTX Trading Ltd. said it has identified $3.2 billion in payments made to its former leadership, including $2.2 billion transferred to co-founder and former CEO Sam Bankman-Fried, who is currently under federal indictment for wire and securities fraud.
March 13, 2023
FTX Says Ch. 11 Progress Justifies Plan Filing Extension

Saying it has taken significant strides in stabilizing its business since filing for bankruptcy four months ago, cryptocurrency exchange FTX Trading Ltd. asked a Delaware judge to extend the window during which it has the sole right to propose a Chapter 11 plan until September.
March 09, 2023
FTX Floats $4M Ch. 11 Bonuses That Freeze Out SBF, Insiders

Bankrupt cryptocurrency exchange FTX Trading Ltd. proposed a $4 million key employee retention plan late Wednesday that would pay 44 employees bonuses for remaining with the company through its Chapter 11 case, with the caveat that indicted former CEO Sam Bankman-Fried, other former leaders and their relatives would not be eligible for the payments.
March 06, 2023
US Trustee Appeals Order Denying Examiner In FTX Case

The U.S. Trustee's Office on Monday renewed its bid for an examiner to be appointed to the defunct crypto exchange FTX by saying it would appeal a federal bankruptcy judge's decision to decline the request over the cost it would incur the estate.
March 02, 2023
'Massive' FTX Asset Shortfall Emerges In Ch. 11 Probe

Bankrupt crypto venture FTX Trading Ltd. reported a "massive" asset shortfall in the latest report on its attempt to piece together the company's holdings, finding $2.2 billion in the wallets of FTX.com but only $694 million viewed as liquid, and in some cases "totally absent" records.
February 15, 2023
FTX Judge Rejects Bid For Independent Ch. 11 Examiner

A bid to have an independent examiner appointed in the Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. failed Wednesday when a Delaware bankruptcy judge said such an inquiry would be duplicative of efforts already underway at the company and the costs would negatively impact creditors.
February 10, 2023
US Trustee Says FTI Too Conflicted To Work On FTX Ch. 11

The U.S. Trustee's Office has told a Delaware bankruptcy judge that FTI Consulting can't work for unsecured creditors committees in both the FTX and Voyager Digital Chapter 11 cases, saying the two cryptocurrency platforms are embroiled in a $446 million dispute.
February 08, 2023
FTX Racks Up $9.7M In Fees From Sullivan & Cromwell, Others

Bankrupt cryptocurrency exchange FTX Trading Ltd. has received hefty bills from its counsel totaling more than $9.7 million, including a $7.5 million charge from Sullivan & Cromwell for 19 days of work on the Chapter 11 case.

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