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.
January 18, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. has told unsecured creditors that $415 million in cryptocurrency has been lost to hackers since the company filed for Chapter 11 in November, even as it has recovered $5.5 billion in liquid assets in that time period.
January 17, 2023
FTX on Tuesday pushed back on a bid from the U.S. Trustee's Office to block Sullivan & Cromwell's appointment as its bankruptcy counsel, saying there's no conflict of interest between the law firm and the defunct cryptocurrency exchange, especially since Sullivan was the one that called the feds on the operation ahead of its bankruptcy filing.
January 13, 2023
Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.
January 11, 2023
Miami-Dade County got the green light Wednesday to scrub FTX's name from its hometown arena with an order from the Delaware judge presiding over the defunct cryptocurrency exchange's Chapter 11 case.
January 11, 2023
FTX's bankruptcy judge on Wednesday brushed off four U.S. senators' concerns about the ties between law firm Sullivan & Cromwell and the defunct cryptocurrency exchange, saying he won't take "inappropriate ex parte communication" into account when considering the approval of counsel in the case.
January 11, 2023
At a hearing where a Delaware bankruptcy judge approved procedures to market some assets of bankrupt cryptocurrency exchange FTX Trading Ltd., attorneys said the company has located about $5 billion in cash and liquid crypto assets since filing for bankruptcy in November.
January 10, 2023
Football star Tom Brady, model Gisele Bündchen and New England Patriots owner Robert Kraft are among a host of prominent investors who saw the value of their equity plummet when cryptocurrency exchange FTX imploded last year, according to a list of equity holders filed in the bankruptcy process.