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FTX Investors To Settle With Ex-Execs, Crypto Promoters

By Aislinn Keely · March 28, 2024, 10:45 PM EDT

Investors who launched a multidistrict litigation over cryptocurrency exchange FTX's collapse have reached a set of settlements with the former inner circle of founder Sam Bankman-Fried as well as seven promoters...

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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

Related Sections

Case Information

Case Title

In Re: FTX Cryptocurrency Exchange Collapse Litigation

Case Number

1:23-md-03076

Court

Florida Southern

Nature of Suit

Other Fraud

Date Filed

June 05, 2023

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