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:

October 25, 2024
FTX Reaches $228M Deal With Crypto Co. Bybit

The FTX bankruptcy estate reached a deal worth about $228 million to resolve its lawsuit against cryptocurrency exchange Bybit and the firm's investment arm, Mirana Corp., that alleged they unfairly jumped the line to withdraw funds during FTX's meltdown in late 2022 and held the estate's own funds hostage.
October 24, 2024
FTX Can Go Forward With $240M Acquisition Clawback

A Delaware bankruptcy judge has ruled defunct cryptocurrency exchange FTX Trading can continue to try and claw back $240 million it paid for a stock trading platform just before its Chapter 11 filing, while saying a $55 million bonus payment to the platform's ex-CEO is off limits.
October 23, 2024
Deal With Feds In FTX Bankruptcy Remains Undone

When crypto giant FTX finally won court approval for its hard-fought bankruptcy plan earlier this month, it left one big piece of the puzzle unsolved: a dispute with federal prosecutors over $1 billion seized as part of the prosecution of founder Sam Bankman-Fried.
October 11, 2024
FTX Creditor Returns Are Impressive, But Not For Everyone

The fact that former customers of defunct cryptocurrency exchange FTX will recover their full claims, plus interest, does not mean they are happy about it, showing that even the best-case outcome in an impossibly complicated bankruptcy can still leave creditors feeling bruised.
October 10, 2024
4 Things To Know Now About FTX's Chapter 11 Plan

This week, FTX Trading Ltd. won confirmation of its bankruptcy plan that clears a path for it to start repaying as much as $16.5 billion to creditors, including former customers who had cryptocurrency at the exchange when it unraveled in 2022 under the weight of founder Sam Bankman-Fried's fraud.
October 08, 2024
FTX's Ellison To Give Up 'Substantially All Of Her Assets'

Former FTX insider Caroline Ellison agreed to give up "substantially all of her assets" and cooperate with the FTX bankruptcy estate in a deal to resolve the claims against her in an adversary proceeding that sought to recover hundreds of millions of dollars from the collapsed crypto exchange's former leadership.
October 07, 2024
FTX Gets OK For Ch. 11 Plan After Objections Overruled

A Delaware bankruptcy judge said he would confirm the Chapter 11 reorganization plan of FTX Trading Ltd. after overruling several objections Monday, beginning a process of distributing billions of dollars to customers less than two years after the cryptocurrency exchange collapsed.
October 07, 2024
FTX Wins Plan Approval, Diamond Sports Drops MLB Deals

FTX will start repaying customers using up to $16.5 billion in assets that the fallen cryptocurrency company has recovered since filing for bankruptcy in November 2022, after a Delaware bankruptcy judge blessed FTX's reorganization plan at a hearing Monday.
October 04, 2024
FTX Seeks To Push Ch. 11 Plan Over Final Hurdles

Nearly two years after it collapsed financially, FTX is hoping to secure confirmation of its Chapter 11 plan in Delaware bankruptcy court Monday. The debtor says that under its proposal, the company will repay former customers in full, with interest, for the billions of dollars they lost, but the insolvent cryptocurrency business faces a slew of objections from the U.S. Trustee's Office and others.
October 03, 2024
Meet The Attys Aiding FTX At Its Ch. 11 Confirmation Hearing

Beleaguered crypto exchange FTX Trading Ltd. will seek a Delaware bankruptcy judge's approval Monday for the debtor's Chapter 11 plan after a bankruptcy process that has seen its counsel questioned, the legitimacy of its plan challenged and a bevy of disputes settled. At the hearing it will rely on the expertise of a legal team uniting lawyers from Landis Rath & Cobb LLP and Sullivan & Cromwell LLP.

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