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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. September 13, 2023

    FTX Gets Go-Ahead To Sell $100M In Crypto A Week

    A Delaware bankruptcy judge Wednesday gave FTX the go-ahead to hire an investment manager and sell up to $100 million in cryptocurrency a week after hearing the proposal endorsed by both official and unofficial unsecured creditor groups.

  2. September 11, 2023

    FTX Sues To Claw Back $100M From Virgin Islands Firm

    The bankruptcy estates of FTX Trading, Alameda Ventures Ltd. and FTX U.S. have opened an adversary suit in Delaware bankruptcy court seeking to recover more than $100 million transferred from the debtors to Virgin Islands-based LayerZero Labs Ltd., its former chief operating officer and another entity just before FTX's collapse.

  3. September 06, 2023

    FTX Examiner Report OKs $111M In Professional Fees

    The court-appointed fee examiner in the FTX Chapter 11 has recommended the Delaware bankruptcy judge overseeing the case give interim approval for more than $111 million in professional fees and expenses for the second three months of the case.

  4. August 25, 2023

    FTX, BlockFi, Genesis Claimant Data Breached In Cyberattack

    Claims and noticing agent Kroll LLC announced on Friday that cybercriminals have exposed data belonging to claimants in the FTX, BlockFi and Genesis Global Holdco bankruptcies following a "highly sophisticated" cyberattack directed against Kroll employees.

  5. August 24, 2023

    FTX Wants Galaxy Digital To Manage Crypto Investments

    Bankrupt cryptocurrency exchange FTX asked a Delaware bankruptcy judge Thursday for permission to retain New York-based Galaxy Digital Holdings to manage its crypto portfolio and serve as its investment adviser, arguing it's necessary to hire the adviser to oversee its transactions to avoid flooding crypto markets and price manipulation.

  6. August 23, 2023

    FTX Gets Approval To Fast-Track Claims Under $15M

    A Delaware bankruptcy judge on Wednesday approved procedures for streamlined settlements of litigation claims held by bankrupt cryptocurrency exchange FTX Trading Ltd., but capped the value of claims eligible for the quick deals at $15 million after the Office of the United States Trustee objected to the original proposal.

  7. August 21, 2023

    FTX Creditors Cite Cash Burn In Bid For Fast Ch. 11 Mediation

    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.

  8. August 01, 2023

    FTX Creditors 'Extremely Disappointed' In Draft Ch. 11 Plan

    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.

  9. July 26, 2023

    Feds Say Bankman-Fried Should Be Jailed Ahead Of FTX Trial

    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.

  10. July 20, 2023

    FTX Wants Hundreds Of Millions Back From SBF, Other Execs

    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.