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Mealeys

MLex

FTX Trading Ltd.

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Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 16, 2024

    SBF's Parents Blast FTX's 'Threadbare' Adversary Proceeding

    The parents of convicted former FTX CEO Sam Bankman-Fried asked a Delaware bankruptcy judge to toss a Chapter 11 bankruptcy adversary lawsuit seeking to recover millions of dollars that Bankman-Fried's parents allegedly misappropriated, calling the allegations "threadbare," "conclusory" and based solely on a relationship that is "not actionable."

  2. January 05, 2024

    FTX Seeks OK To Sell Off $222M In Bahamas Real Estate

    FTX Inc. is seeking permission from a Delaware bankruptcy judge to sell off $222 million in luxury Bahamas real estate under the terms of its previously announced settlement with the liquidators of its Bahamian affiliate.

  3. January 01, 2024

    Crypto White Collar Cases To Watch In 2024

    The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.

  4. December 22, 2023

    Bankman-Fried Inks Pact With FTX Debtors Over Embed Deal

    Three debtors of bankrupt cryptocurrency exchange FTX announced Friday that they've reached a settlement with convicted former chief executive Sam Bankman-Fried and two of his former associates, resolving some claims over the 2022 acquisition of stock trading platform Embed.

  5. December 20, 2023

    The Top Bankruptcy Cases And Issues Of 2023

    With the curtain closing on 2023, bankruptcy experts say the past year has featured cases and legal issues of great importance to the practice area that will have implications for years to come.

  6. December 19, 2023

    FTX Inks Deal With Bahamas Liquidators On Customer Claims

    Bankrupt cryptocurrency exchange FTX Trading Ltd. revealed Tuesday it settled a dispute with liquidators overseeing the insolvency of the company's Bahamas unit, in an agreement calling for customers to be paid in cash based on the value of certain digital assets they held at the time of the business's petition for Chapter 11 protection.

  7. December 18, 2023

    FTX Ch. 11 Plan Proposes To Pay Customers Cash, Not Crypto

    Bankrupt cryptocurrency exchange FTX Trading Ltd. has filed a new Chapter 11 plan in Delaware bankruptcy court, promising that customers of its American and foreign web platforms will receive distributions in cash, not in cryptocurrency.

  8. December 15, 2023

    FTX's $24B Tax Bill Could Wipe Out Any Creditor Recovery

    A process intended to resolve a $24 billion dispute in FTX Trading Ltd.'s bankruptcy case threatens to render moot the fallen crypto company's plan to repay millions of customers who lost money after the exchange collapsed in late 2022, experts told Law360.

  9. December 12, 2023

    FTX Says It Doesn't Have To Pay $24B Tax Bill To IRS

    FTX recently told a Delaware bankruptcy judge the company stands by its estimate that its losses mean the cryptocurrency exchange doesn't owe anything to the Internal Revenue Service, which billed the bankrupt business for $24 billion in unpaid taxes.

  10. December 06, 2023

    Feds Say No Reliable Proof For FTX's $0 Tax Estimate

    The U.S. government shot back Wednesday at FTX's request that a Delaware bankruptcy judge estimate its tax liability at zero, saying the bankrupt cryptocurrency exchange is asking the court to accept tax returns based on admittedly fraudulent records at "face value."