FTX Trading Ltd.

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Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

June 06, 2024
FTX Hit With Slew Of Objections To Ch. 11 Plan Disclosures

FTX 's creditors have launched a salvo of objections to the defunct cryptocurrency exchange's Chapter 11 plan disclosure statement, arguing it lacks "adequate information" about the objectors' treatment and is rife with "ambiguous" release terms.
June 04, 2024
FTX Seeks Ch. 11 Stay On Competing Asset Claims

Defunct cryptocurrency exchange FTX has urged a Delaware bankruptcy judge to put the brakes on multidistrict litigation targeting former company insiders, arguing that those claims rightfully belong to the bankruptcy estate and that any property recovered should instead go to creditors.
June 03, 2024
FTX, IRS Propose Settling $8B Tax Fight For Just $885M

FTX and the Internal Revenue Service have reached a proposed settlement worth roughly $885 million that would resolve the agency's contention that the bankrupt cryptocurrency exchange operator owes $8 billion in taxes, according to a motion filed Monday in Delaware federal bankruptcy court.
May 28, 2024
FTX Attys Cleared, Alex Jones' Reckoning, Modell's Deal

A report found that FTX counsel Sullivan & Cromwell was not involved in the pre-bankruptcy fraud at the cryptocurrency exchange, Alex Jones and his InfoWars podcast business are facing a June 15 deadline for progress in their Chapter 11 cases, and a former bankruptcy judge was accused of trying to force a false narrative tied to his romantic relationship with an attorney.
May 24, 2024
Sullivan & Cromwell Cleared Of Any Misconduct In FTX Report

The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading absolved debtor law firm Sullivan & Cromwell of any conflicts or misconduct related to the business's collapse and restructuring, recommending limited further investigations into discrete matters.
May 23, 2024
FTX Judge Declines To Undo Ch. 11 Digital Claim Estimation

The judge overseeing the Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. on Thursday denied a request to vacate an earlier ruling allowing the debtor to estimate the claims of creditors holding digital assets based on their petition date value, saying the party seeking to undo the order had not provided any new evidence to justify the action.
May 15, 2024
News Media Don't Want FTX Examiner's Report Sealed

Major news media companies asked a Delaware bankruptcy judge to ensure that an examiner's report into crypto giant FTX's downfall is not filed under seal, arguing that a proposed redaction process runs counter to the court's previous order, a Third Circuit decision and the public interest.
May 14, 2024
FTX Wants Calif. Org To Return $5M In Donations

FTX has filed an adversary claim in its Chapter 11 case seeking to claw back roughly $5 million in prepetition charitable donations given to a Berkeley, California, nonprofit, which the company said was supported by its founder Sam Bankman-Fried and other insiders of the onetime cryptocurrency giant.
May 13, 2024
Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.
May 08, 2024
FTX Says Full Recovery Coming Based On 2022 Crypto Price

Bankrupt cryptocurrency exchange FTX Trading Ltd. has claimed its proposed Chapter 11 plan would be able to pay creditors in full with a $13 billion distribution that exceeds the estimated allowable $11.2 billion in claims, but the payout is based on the value of cryptocurrency in November 2022, when the exchange filed for bankruptcy protection.

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