August 21, 2023
Unsecured creditors of collapsed cryptocurrency giant FTX Trading Ltd. have sought an expedited, emergency order for a fast-track mediation in the U.S. Bankruptcy Court for Delaware, saying the estate burned through $320 million in professional fees between November and June 20, with costs rising by $1.5 million daily.
August 01, 2023
FTX Trading Ltd.'s unsecured creditors committee said it was "extremely disappointed" by a newly filed draft Chapter 11 plan in Delaware bankruptcy court, saying the debtors ignored committee suggestions and unilaterally offered broad ideas without addressing calls to better manage remaining assets.
July 26, 2023
A Manhattan federal judge on Wednesday mulled a surprise request by prosecutors to have FTX founder Sam Bankman-Fried jailed ahead of his trial on charges that he looted the now-bankrupt exchange, after the fallen crypto boss communicated with the press about a key trial witness.
July 20, 2023
FTX has asked a Delaware federal bankruptcy court to order embattled co-founder Sam Bankman-Fried and other executives to fork over hundreds of millions of dollars the failed cryptocurrency exchange says they misappropriated and used to pay for luxury condos and "pet projects," according to a complaint filed Thursday.
July 20, 2023
The Chapter 11 estate of Samuel Bankman-Fried's collapsed cryptocurrency empire has launched a U.S. Bankruptcy Court action in Delaware to recover $71.6 million in philanthropic investments described as mainly benefiting the entrepreneur and his allies.
July 20, 2023
Disgraced crypto developer Terraform Labs has asked Delaware's bankruptcy court for permission to serve FTX Trading Ltd. subpoenas for records it says are vital to its defense against a fraud suit brought by the U.S. Securities and Exchange Commission.
July 19, 2023
The Third Circuit on Wednesday accepted a direct appeal in the case of cryptocurrency exchange FTX Trading Ltd., saying the Office of the United States Trustee could bring its case to the circuit court over a Delaware bankruptcy judge's denial of appointment of a Chapter 11 examiner.
June 28, 2023
A retired New York bankruptcy judge will oversee mediation proceedings involving bankrupt cryptocurrency players FTX Trading Ltd. and Voyager Digital Holdings Inc. after a Delaware bankruptcy judge approved the mediation procedures agreed to by the parties.
June 28, 2023
FTX Trading Ltd. is suing one of its top former attorneys, accusing him of colluding with the crypto exchange's founder Sam Bankman-Fried in looting the bankrupt company's accounts and allowing other managers to misuse billions of dollars in customers' deposits.
June 26, 2023
The new management of FTX has clawed back about $7 billion in liquid assets as it works to untangle the defunct crypto exchange's jumbled-up customer deposits and corporate funds that ex-CEO Sam Bankman-Fried and others allegedly misused "with abandon," according to a report filed in Delaware bankruptcy court Monday.