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Mealeys

MLex

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. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. February 08, 2023

    Bankman-Fried, Other FTX Insiders To Face Ch. 11 Subpoenas

    A Delaware bankruptcy judge approved requests from cryptocurrency exchange FTX Trading Ltd. and its creditors Wednesday to issue subpoenas and take discovery from indicted former CEO Sam Bankman-Fried and other insiders of the company in charge during its swift collapse last year.

  7. February 06, 2023

    FTX Asks Politicians To Return Donations By Month's End

    Bankrupt cryptocurrency exchange FTX Trading Ltd. is reaching out to political figures and groups that received donations from the company's leadership prior to its collapse, demanding recipients return the funds by the end of the month or face legal action.

  8. February 06, 2023

    FTX, Trustee Urged To Negotiate On Ch. 11 Examiner

    Bankrupt cryptocurrency exchange FTX Trading Ltd. and the Office of the U.S. Trustee will discuss resolving the trustee's motion to appoint a Chapter 11 examiner in the company's insolvency case after a Delaware federal judge urged the parties Monday to come to a resolution without court intervention.

  9. February 03, 2023

    New FTX CEO To Testify In Bankruptcy Examiner Showdown

    The Office of the United States Trustee intends to call John J. Ray III, the new CEO of bankrupt cryptocurrency exchange FTX Trading Ltd., to testify as part of its bid to have an examiner appointed to investigate the company's downfall last year, which saw tens of billions of dollars in value evaporate over the course of eight days.

  10. January 30, 2023

    Alameda Seeks Return Of $446M From Voyager Digital

    Alameda Research, the trading arm of defunct crypto exchange FTX Trading Ltd., is attempting to claw back nearly $446 million from bankrupt cryptocurrency lender Voyager Digital with a Monday adversary action claiming Voyager and others "knowingly or recklessly" funded the misconduct that led to Alameda and FTX's demise.