February 10, 2023
The U.S. Trustee's Office has told a Delaware bankruptcy judge that FTI Consulting can't work for unsecured creditors committees in both the FTX and Voyager Digital Chapter 11 cases, saying the two cryptocurrency platforms are embroiled in a $446 million dispute.
February 08, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. has received hefty bills from its counsel totaling more than $9.7 million, including a $7.5 million charge from Sullivan & Cromwell for 19 days of work on the Chapter 11 case.
February 08, 2023
A Delaware bankruptcy judge approved requests from cryptocurrency exchange FTX Trading Ltd. and its creditors Wednesday to issue subpoenas and take discovery from indicted former CEO Sam Bankman-Fried and other insiders of the company in charge during its swift collapse last year.
February 06, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. is reaching out to political figures and groups that received donations from the company's leadership prior to its collapse, demanding recipients return the funds by the end of the month or face legal action.
February 06, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. and the Office of the U.S. Trustee will discuss resolving the trustee's motion to appoint a Chapter 11 examiner in the company's insolvency case after a Delaware federal judge urged the parties Monday to come to a resolution without court intervention.
February 03, 2023
The Office of the United States Trustee intends to call John J. Ray III, the new CEO of bankrupt cryptocurrency exchange FTX Trading Ltd., to testify as part of its bid to have an examiner appointed to investigate the company's downfall last year, which saw tens of billions of dollars in value evaporate over the course of eight days.
January 30, 2023
Alameda Research, the trading arm of defunct crypto exchange FTX Trading Ltd., is attempting to claw back nearly $446 million from bankrupt cryptocurrency lender Voyager Digital with a Monday adversary action claiming Voyager and others "knowingly or recklessly" funded the misconduct that led to Alameda and FTX's demise.
January 26, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. asked a Delaware court Thursday for permission to issue subpoenas to the company's indicted co-founder and ex-CEO, Sam Bankman-Fried, and his family members, seeking information about their personal assets and any transactions they made with the company prior to its Chapter 11 filing.
January 25, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. and its unsecured creditors committee filed objections to a request by the U.S. Trustee's Office for the Delaware bankruptcy court to appoint an examiner to look at FTX's finances, arguing Wednesday their own investigations will be sufficient.
January 20, 2023
A Delaware bankruptcy judge on Friday approved the appointment of Sullivan & Cromwell LLP — which had come under fire from several directions and from members of Congress — as Chapter 11 counsel for FTX, dismissing arguments by a pair of FTX customers that the firm was conflicted because of its prior work for the cryptocurrency exchange.