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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. April 22, 2025

    FTX Ch. 11 Trust Says Ex-Exec's Wife Spent $600K Since Dec.

    The FTX Recovery Trust urged a Delaware bankruptcy judge to enjoin the wife of former FTX executive Ryan Salame from spending additional money that the trust said was fraudulently taken from the company before its bankruptcy filing, saying Michelle Bond has spent more than $600,000 since mid-December on legal fees, luxury vacations and credit card bills.

  2. April 17, 2025

    FTX Can Serve Binance Execs Via Email In $1.76B Suit

    A Delaware bankruptcy judge has allowed the FTX Recovery Trust to serve a $1.76 billion clawback suit against Binance via alternative means, saying the trust may serve the suit on two ex-Binance executives by email or social media.

  3. March 31, 2025

    FTX Seeks Alternative Service In $1.76B Binance Suit

    The recovery trust created under the Chapter 11 plan of defunct cryptocurrency exchange FTX has asked the Delaware bankruptcy court for permission to serve people and entities related to Binance Holdings via alternative means, saying their locations have made traditional service difficult or impossible in a $1.76 billion clawback lawsuit against the rival crypto business.

  4. March 31, 2025

    Ex-US Trustee Head Appeals Firing, Purdue Case Extended

    The former director of the U.S. Trustee's Office appealed her removal, alleging the government lacked cause and violated due process. Meanwhile, Purdue Pharma secured more time to protect itself and the Sackler family from lawsuits as the company seeks approval for a $7.4 million opioid settlement plan. And FTX told a court it has $11.4 billion ready for creditors but is still reviewing a massive volume of claims before the distribution. 

  5. March 28, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A major producer of gypsum products is trying to get a sinkhole claim that is roughly two decades old tossed, a trust for FTX creditors is trying to claw back $90 million in frozen funds, and a talc miner's insurers are asking a court to reject its bankruptcy plan.

  6. March 28, 2025

    FTX Sitting On $11.4B In Cash To Distribute To Creditors

    FTX has $11.4 billion in funds ready to be handed out to creditors, but it still has much work to do to sort out the massive number of claims asserted against the collapsed cryptocurrency exchange, an attorney for the company told a Delaware bankruptcy judge Friday.

  7. March 17, 2025

    US Trustee Leader Ousted, Eletson's Ex-Owners Face Fines

    The reported removal of the director of the U.S. Department of Justice's bankruptcy watchdog program has thrown the historically apolitical office into broader waves of upheaval, a bankruptcy judge has said he would impose a daily fine on the former owners of Eletson, and another bankruptcy judge detailed why he overruled objections in Spirit Airlines' Chapter 11 plan. This is the week in bankruptcy.

  8. March 14, 2025

    Three Arrows Beats FTX To Get $1.5B Bankruptcy Claim

    The liquidators of failed cryptocurrency hedge fund Three Arrows Capital have prevailed in a dispute with FTX Trading Ltd. over the allowance of a $1.53 billion bankruptcy claim, with a Delaware judge deciding to grant Three Arrows' bid to change its original claim despite FTX asserting that the move was made in bad faith.

  9. March 05, 2025

    FTX Customer Committee Seeks $3M In Ch. 11 Fees

    A committee of non-U.S. FTX customers has told the Delaware bankruptcy court the group played an essential role in getting FTX's Chapter 11 plan confirmed, urging a judge to approve its application for roughly $2.7 million in fees.

  10. February 26, 2025

    Jailed Ex-FTX Exec's Lawyers Can't Drop From Ch. 11 Suit

    Attorneys from Montgomery McCracken Walker & Rhoads LLP representing former FTX Trading executive Ryan Salame cannot yet withdraw as his counsel in an adversary case seeking the return of $99 million in company funds after a Delaware bankruptcy judge said Wednesday he needed more information about the firm's difficulties in communicating with their incarcerated client.