Fenwick & West Set Up 'Shadowy Entities' For FTX, Suit Says

By Lauren Berg · August 8, 2023, 8:09 PM EDT

In a proposed class action filed in California federal court, a group of FTX customers are the latest to accuse the bankrupt crypto exchange's former counsel Fenwick & West LLP of creating...

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Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

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Documents

Case Information

Case Title

Cabo et al v. Fenwick & West LLP

Case Number

3:23-cv-03944

Court

California Northern

Nature of Suit

Other Fraud

Date Filed

August 07, 2023