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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. January 10, 2023

    Sullivan & Cromwell Faces Congressional Heat Over FTX Work

    A bipartisan group of U.S. senators questioned Sullivan & Cromwell's representation of failed cryptocurrency exchange FTX in its Chapter 11 proceedings and supported the appointment of an outside examiner to the case due what they said is a troubling relationship between the company and its counsel.

  2. January 09, 2023

    FTX Defends Plans To Market Business Units In Ch. 11

    Bankrupt cryptocurrency exchange FTX Trading Ltd. has defended its proposed bidding procedures that would govern the potential sale of certain of its business units, telling a Delaware court that the timeline it has submitted will help determine the value of the assets in question.

  3. January 06, 2023

    FTX Strikes Cooperation Deal With Bahamian Liquidators

    Bankrupt cryptocurrency exchange FTX Trading Ltd. and the court-appointed liquidators of its Bahamian business announced Friday that they had reached a deal to share information and cooperate on securing assets and filing litigation.

  4. January 06, 2023

    Bankman-Fried, BlockFi Say FTX Can't Freeze Stock Claims

    Former FTX Trading Ltd. CEO Sam Bankman-Fried and bankrupt cryptocurrency platform BlockFi Inc. are asking a Delaware bankruptcy judge to reject FTX's request to halt their attempts to claim $460 million in stocks, saying FTX has no claims on the assets.

  5. January 05, 2023

    FTX Customers Say They Need More Info On Asset Auction

    A group of FTX Trading Ltd. account holders told a Delaware bankruptcy judge that they are concerned that the company may be attempting to sell off subsidiaries bought or supported with assets misappropriated from customers' cryptocurrency accounts.

  6. January 04, 2023

    FTX Closing In On Ch. 11 Deal With Bahamian Liquidators

    Bankrupt cryptocurrency exchange FTX Trading Ltd. said Wednesday that it was close to reaching an information-sharing agreement with joint liquidators appointed in the Bahamas, and asked a Delaware bankruptcy court for an additional week to continue discussions.

  7. 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.

  8. 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.

  9. 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.

  10. 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.